
8 June 2024 | 7 replies
On the other hand you have Cleveland which is known for its strong cash flow potential.

7 June 2024 | 1 reply
With AI streamlining processes, these homes are becoming more affordable and customizable, potentially offering a dream come true for many.But here's the question I have for all you savvy real estate investors: could 3D printed homes become so commonplace in 15 years that they significantly impact traditional US real estate prices?

8 June 2024 | 4 replies
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.

8 June 2024 | 4 replies
We just closed a duplex for a VA buyer yesterday and this was the same situation they were in so we had to actually sell their first home to open up the entitlement capabilities to then buy a better property that they will occupy for 2 years, then move to the next project.

7 June 2024 | 0 replies
Property sold to conventional buyer after 37 days on the market Lessons learned?

7 June 2024 | 1 reply
I have a 3 flat in Lincoln Park, Chicago, IL that I am planning to list for sale in the next 3-6 months.Currently owner occupied in 1 unit (Duplex up, 3 bed 3 bath).The other 2 units (2 bed 1 bath each) are rented.I am wondering if it is more attractive to buyers to leave the 3 bed 3 bath unit vacant when I move out, or should I place a tenant in there and then list for sale?

8 June 2024 | 1 reply
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.
8 June 2024 | 11 replies
My buyer offered $300,000 on it, which is very very fair price.

10 June 2024 | 28 replies
Also the OOS investor is doing a lot better as PM services have moved up in quality a ton compared to when i was working those markets in the 2000s.. lets also keep in Mind Ohio and MIchigan got HAMMERED in the GFC the professional note buyers of defaulted notes for a few years post GFC would not even buy that paper it was so bad.

5 June 2024 | 13 replies
Hi,I know what I'm asking is not legal, but it also doesn't stop the 30,000+ not legal apartments that currently provide a home for families in Queens, NYC that would otherwise not be able to afford to live there.I'm just trying to see, as a landlord, are there certain steps I can take to reduce any potential risks I could face for renting out the apartment?