Robert Rixer
The Long Term of Multifamily
7 November 2024 | 13 replies
Landlords will still be needed to perform this service.Gino
Matthew Schulz
Freeport/Northern IL Duplex Market Insight
4 November 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Kent Ford
Why Do You Think Texas is a Hotspot for New Real Estate Businesses?
6 November 2024 | 34 replies
Have you noticed any particular areas or property types in Vegas that perform best for MTRs?
Account Closed
Finder's Fee for Non-Agents Illegal?
6 November 2024 | 19 replies
No licensed broker may pay a fee or a commission or any part thereof for performing any act specified in this chapter or as compensation for a referral or as a finder’s fee to any person who is not licensed...The statute in this great state even cites relevant case history.
Brett Deas
Need input from MTR landlords!
6 November 2024 | 13 replies
FF is revamping their website (among MANY other changes), especially after the new CEO came on board a year ago.I have noticed that MTR operators utilize the platforms very differently from one another and most do not know how to take advantage or optimize for better performance.
Steve Schmidt
Advice Needed on Selling Note Partial
1 November 2024 | 19 replies
The buyer put $30,000 down.The $100,000 note is being serviced by a servicing company in Texas.7.25% Interest15 yearsPI $912.86The note is performing.
Dan Ashley
Brooklyn, NY – am I crazy to start here?
9 November 2024 | 23 replies
For instance, a property in Windsor Terrace purchased in the year 2000 for $140k is now worth $1.2 Million, conservatively.A more recent purchase, a Brownstone I purchased in 2015 for $900k and renovated for $300k, so all in for $1.2k is worth $2 Million now.Do keep in mind that past performance does not indicate future performance.However, these kinds of numbers are very typical from 1998 to now.When I was teaching, I used to ask my Investor Students, "What is a Bargain?"
Stephanie Lopez
Advice for a Newbie
2 November 2024 | 28 replies
Hi @Stephanie LopezWholesalers run campaigns called "Agent Outreach" to get access to your sphere of influence and, ultimately, any pocket listings/distressed properties you may have.
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
The owner may not require the tenant association to prove financial ability to perform as a prerequisite to entering into a contract.A tenant association may exercise the right of first refusal in conjunction with a third party or by assigning those rights to any party, whether private or governmental.The timeline for closing is 120 calendar days for rental properties consisting of five or more dwelling units, and 60 calendar days of four or fewer dwelling units.If the tenant association fails to close, the owner may sell to a third-party purchaser.
Errol Graham
Accounting and Management tools for Landlords
3 November 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.