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8 July 2024 | 0 replies
I woke up one day and realized I needed to run all my deals in the same way a hotel manages all their properties.
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7 July 2024 | 7 replies
Both areas are in my backyard and would be self managed.
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3 July 2024 | 5 replies
I was wondering if there was anyone in here that builds new construction homes in North Carolina?
7 July 2024 | 3 replies
Are you managing some MTRs in ND now?
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7 July 2024 | 89 replies
I would also lump "assets under management" into this line of thinking.
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3 July 2024 | 3 replies
Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!
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7 July 2024 | 7 replies
For example, some cities have started capping the number of short-term rentals allowed, while certain HOAs impose fees that can significantly cut into your margins.For out-of-state investments, having a trustworthy property management team that understands local laws and has good relationships with HOAs can make all the difference.
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4 July 2024 | 7 replies
(I also do all of the advertising, tours/viewings, communications resulting from the advertising, but once all of the rooms are rented, and I am purely managing, how are property managing hours discerned, I suppose that's my question here.)
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8 July 2024 | 13 replies
So, unless you are an SEO manager, I think that's a tough road to go down. 1:1 link exchanges go against Google's guidelines and best practices so I wouldn't advocate for that. https://developers.google.com/search/docs/essentials/spam-policiesMost one-size-fits-all all SEO companies are going to want to spend a lot of your management fee doing work that real estate investor-focused SEO companies don't need to do.
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4 July 2024 | 12 replies
You need to vet them for what they are bringing to the table (cash/project management experience/contractors/etc.)A good hard money company that can work with investors on the loan and/or construction costs.