Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Raising the  amount required to buy your target properties is not easy, and beyond the amount that must be raised without leverage it will be difficult for you to provide favorable return profile for your investors.

Everything was progressing smoothly until I met the appraiser to provide access to the property.Right away, I sensed something was off.

With some changes to the management structure and leadership, I believe we can significantly increase the revenue potential while providing a positive impact.

The right agent will provide a pro forma breakdown on every property they look at, have repair costs estimated, CapEx, etc...

Private equity firms seem to favor larger operations with scalable systems, while smaller mom-and-pop firms are often acquired by local players or regional operators looking to expand their footprint.If you’re looking for actionable intel, reaching out to brokers specializing in the sale of PM firms could provide useful leads.

Unless you have a way to source off market deals or have a crew to provide labor for below market value, you're kind of relying on hope and luck to find a deal that works.

After several calls with some of the larger PMS providers, where I really took the time to dive into their products and compare features, pricing, and more, we've decided to go with Hostfully.

This way, your current rental stays a cash-flowing asset while providing leverage to grow your portfolio.