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19 March 2024 | 25 replies
I dont like renting to people that just recieve social service checks as income for 2 reasons.1.
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19 March 2024 | 8 replies
If you are looking at any off market deals, you can negotiate with the realtor on whatever fee they would incur for their services, but I suggest sticking with them if you think they are a valuable team member.
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18 March 2024 | 10 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, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
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19 March 2024 | 17 replies
First and foremost I would recommend to start with the servicer of your mortgage to see about the transfer as well as an assumption. most servicers won’t allow the switch-a-roo considering the liability is currently tied to you.
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19 March 2024 | 12 replies
One good way to do that is to purchase towards the end of the year and put the property into service.
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20 March 2024 | 16 replies
Members often share investment opportunities, like off-market properties or discounted services from contractors so I'm quite sure you would find it beneficial to your journey.
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19 March 2024 | 12 replies
The main items in our renovation are:New water main from curb and valveNew electric service and panelAdd bathroom + convert to full bathLVP in 70% of the houseInterior PaintingAdditional bedrooms in basementKitchenette in basementEgress(x2) in basementOur scope of work should create a great living space for us to grow into, but also provide a rental unit that competes (or even exceeds) the area offerings for medium term rentals.
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20 March 2024 | 11 replies
Home goes for state tax sale obtains excess funds to pay past due taxes and liens then servicer sits on it and never gets their $$$.
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18 March 2024 | 15 replies
Cash flow is 48K a year after accounting for vacancy and repairs, capex, etc.
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18 March 2024 | 35 replies
Upcharge for spa boxes, maybe a massage or concierge services, etc...Those marketing strategies will boost your bookings and top line revenue, plus make you more memorable.