Yes I had a few that give me the sob story and tried to see if I would lower the rent I told them id get back to them never sent the link to them for screening yet I have too many inquires so I cant get to all potential clients I narrowed them down to two clients not section 8 though.

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

For example, a lot of people don't know how to look up their future property taxes for Michigan properties.

Put 70k into this, will likely only recoup half of this in the future.)So, current NW just breached 1MM for the first time!

(It is juts that he is old and wont do this forever and I am being proactive in planning for the future.

was wondering if anyone had this experience or insight on credit history.Met with a potential tenant for a class B-C type apartment I own and interview went very well, she asked a lot of questions about the unit and how things were run and who to call for utilities and Etc etc.. 

Wilmington, NC was also mentioned as a potential investment location.Virginia - Richmond and Virginia Beach were suggested as investment options, especially for an investor located near those areas.Florida - Jacksonville and Tampa were two Florida cities mentioned, although there was a concern about rising insurance costs in Florida.Tennessee - Both Knoxville and Memphis were listed as possible 2024 investment locations by one investor9.

The property is an 11-minute walk from the university, and I aim to target students as potential tenants.Given that this is my first investment property, I'm looking for advice on the following:1.

That is a huge win and your future self is thanking you already.

I would skip this for sure.Agreed, it's not legal or proper to give out the names or phone numbers of your borrowers without their permission.There's absolutely nothing inappropriate or unseemly about offering up borrowers willing to share their lender experiences with another potential borrower.The private lending landscape is littered with scammers and bad actors.