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3 April 2024 | 36 replies
I subtract that from my offer and run my numbers as:Rent (estimates from the MLS on closed rentals in the last 3-6 months; we have access).Insurance (we go to an independent broker; who happens to work for my company, so we bid everything out to dozens of insurance companies for some estimates)Taxes (we challenge them after a year of owning)Water/common chargesWe do not add PM fees as we manage all of our properties ourselves.
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2 April 2024 | 59 replies
But the seller simply goes to a different title company and closes with them and leaves your contract and EM setting at the original title company. and after some months that title company will want some resolution to the dead file and if nothing is done they will inter plead the EM to the court for disposition.
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30 March 2024 | 0 replies
After calling several insurance brokers who represent nearly all of the major insurance companies, I found that none of them would write a policy.
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3 April 2024 | 20 replies
You just need to shop around for the professional companies with multiple crews and an office.
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2 April 2024 | 1 reply
Some work that comes to my mind is:1) Managing tenants to get rent paid2) Diagnosing a repair issue and getting the right team to make the fix3) Fielding messages from prospective tenants on advertised rentals4) This list goes on...I've found a company that automates rent collection and income/expense tracking for free, but I'd like to replace my property management portal altogether and feel I'm only half way there (certainly a tenant facing chat bot would close the gap).
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1 April 2024 | 3 replies
Hey Oren, Your title company should be able to support you with that.
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29 March 2024 | 1 reply
I've heard that it's better to have a commercial property insurance policy for the LLC that covers all of the rental homes in it since A) it may be more cost effective than having individual normal home insurance policies on all of the homes and B) it will name the LLC as the primary insured party which technically will be the primary insured since the homes will be in the LLC's name.
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2 April 2024 | 3 replies
Our company InvestorFuse has been said to be very similar to Follow Up Boss except for the investor/off market side of things.
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2 April 2024 | 2 replies
Is he doing the repairs himself or does he have someone else in his company do the repairs?
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2 April 2024 | 2 replies
My broker used to allow me to collect my full assignment fee from the title company but now they're saying the check has to go through them first, and they want to take splits on it.