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3 July 2024 | 3 replies
We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.
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1 July 2024 | 5 replies
We are interested in Section 8 - going over the HUD rents and doing the math on the CoCROI we sometimes come up with 20%+ ROI (accounting for capex, repairs, vacancy, management, etc.)Going over some of the forums here I see a lot of 10%-12% CocROI of investors with Sec8 properties.
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29 June 2024 | 26 replies
Despite this, I decided to work with Alpha because Justin claimed that he did not like the way Evernest did things and decided to open his own management company and another property manager recommended him to me.
4 July 2024 | 3 replies
Even if you create a non-CA LLC, if you are managing the business from California, you will likely be deemed to be "doing business" in California and therefore likely subject to CA taxes.
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30 June 2024 | 5 replies
Hey everyone,I’ve got a friend who own’s a very large home with a pool, and is trying to find someone who can be her short term rental manager.
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3 July 2024 | 3 replies
Hello Hunt Van Winkle,Banks typically lend with a maximum LTV ratio of 75% for several reasons related to risk management, regulatory requirements, and financial stability.
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3 July 2024 | 4 replies
Conduct thorough due diligence, including property inspections and financial analysis, to ensure it aligns with your investment goals.Property Management: Since you'll be living in one unit and renting out the other, familiarize yourself with basic property management practices.
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2 July 2024 | 7 replies
Try interviewing at least three managers.1.
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3 July 2024 | 5 replies
I will not be conducting any business in MA just collecting checks as I will have a property manager managing the property in NY.
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30 June 2024 | 8 replies
What kinds of software have you used to manage your properties that you would recommend?