Rachel Mellies
Sell or Rent to own in a depreciating market
28 August 2022 | 8 replies
Because of this shortage rents are increasing very rapidly which is great for those who have units to rent but bad for those in the renter pool (bigger pool now that a lot of people have been priced out).On the flip side, these uncertain times have given buyers more power in negotiations.
Victor Sprague
Tenant Issue: Need Advice
19 April 2022 | 9 replies
This was just the first time the other tenants felt they needed to get me involved.Some further detail about tenant A is that prior to the rude voicemail she had always been nice to me, paid on time and has two kids that live with her.
Katie Bustos
Choosing rental location
2 May 2022 | 19 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
Albert Thuilot
4th cash flowing ltr in Gulfport
25 April 2022 | 1 reply
Had been sitting empty with no power for 6 years.
Riley Lucchesi
Traveling Nurse, where to start?
10 April 2022 | 9 replies
Quote from @Wyatt Powers: Make sure wherever your home that you want to rent to travel nurses actually has a need for it at the local hospitals!
Erik B.
What Did You Do To Reduce Your Water Bill For Your Multifamily
6 March 2022 | 36 replies
The low flow toilets have come a long way and the Kohler powerful self-cleaning pretty impressive.
Alan Negrete
Attorney & Title company for Subject To
26 December 2022 | 7 replies
If you don't say stupid things to the bank (post closing) and have trust docs, Power of Attorney docs, the banks have a std process for "managers" "trustees" to take over managing the loan..
Nathan Gesner
What is your experience with AirBnB as a guest, not a Landlord?
15 April 2022 | 44 replies
I agree with your statement, on Airbnb, it does appear to be more of a "I watched 3 episodes of Robuilt on YouTube so I can Airbnb too!"
Benjamin Sussman
Should I reduce my 401k contributions to zero?
10 October 2020 | 14 replies
It very well may, very situationalLook at the power of compounding and it will help you make an educated decisionhttps://www.bankrate.com/retirement/calculators/401-k-retirement-calculator/Also, you could see if your employer allows you to make Roth 401k contributions (post tax), which would solve your mention of higher tax bracket in retirement
Dewayne Hopewell
How much money should I save before buying my First property?
12 October 2020 | 14 replies
My Pakistani friend understands the power of the numbers for multi-unit properties.