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11 June 2024 | 9 replies
we just bought an underpriced piece of land that was unentitled and had high upside in Franklinton in Columbus Ohio. a non profit owned a plot 4x the size an Called us only after our project was announced and asked If we'd buy their site. we gave them 4 different ways they could work with us and their realtor wasn't experienced enough and neither was their director of finance. the bought it to put a food pantry and couldn't because they can't develop. it's a mistake on their part to purchase land like this. their funds should have been used for other reasons.
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11 June 2024 | 15 replies
You could rent it to a food truck to use 1x a week for $100 a day or $400 a month2.
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9 June 2024 | 8 replies
"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.
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8 June 2024 | 31 replies
I am willing to invest in renovating the place to reach profitability.What I am looking for: - Decent margin of safety as opposed to highest yield possible.- Low operational cost- Good seasonality markets- Should be easier to operationalize service via property managers remotely.What are some of the strategies that have worked?
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8 June 2024 | 22 replies
The Whole Foods/Trader Joes/Starbucks principle works as well.
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10 June 2024 | 35 replies
Sorry I was not clear, the ITEMS /FOOD left in the fridge.
8 June 2024 | 11 replies
What I see is there are many people from abroad who just want to park money here vs their home country due to inflation or some other reason who are willing to take minimal returns in exchange for principal safety.
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11 June 2024 | 116 replies
I know they mean well and try to frame it this way in my mind, but getting financial advice from someone who is copelled by food is maybe not the best idea.Instead, offer $300 for an hour of their time.
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10 June 2024 | 27 replies
I would aim for a comfortable safety budget before starting!