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3 July 2024 | 21 replies
And keep in mind that BC has a high frequency of STR's that are really second homes with owners that are content to make just a little money by way of a lackluster property manager (who likely charges 30%), so I would be careful to not let some of the comparison properties discourage you.
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2 July 2024 | 8 replies
Also, you can get access for free with our partnership with BiggerPockets - https://inveloapp.com/bigger-pocketsIf you are already using GHL, then you could use Inveloto:- pull your lists using it's list builder feature- import any of your third party lists into the platform- manage your prospects, list stack, and filter for top quality prospects- market to prospects within Invelo OR integrate into GHL to push properties overLet me know if you have any questions.
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3 July 2024 | 24 replies
if I was self managing, it would significantly help my cash flow but would require time and effort and my time is worth significantly more than what STR PMs charge.
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1 July 2024 | 1 reply
Be prepared to discuss with lenders how the property will be used and ensure your financial profiles demonstrate strong ability to manage the mortgage jointly.Hope this helps.
1 July 2024 | 2 replies
My wife and I have 4 long-term rental units and looking for a better way to manage/track expenses/income.
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1 July 2024 | 3 replies
My insurers reimburse me for what I didn't use; it can take a few weeks for the check to come, but that's just cash flow management then.
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1 July 2024 | 1 reply
I own and manage 14 single family homes, all occupied nearly 95% of the time (stable rental market in my area), and currently analyzing a deal and figured why not ask for more input from all of you!
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1 July 2024 | 10 replies
**Time and Effort**: The buy and hold strategy is less time-intensive, allowing me to focus on managing and optimizing rental income rather than undertaking extensive renovations and refinancing processes.That being said, I am interested in trying the BRRRR method in the future.At the time of purchase, I lacked the skills and knowledge necessary to attempt the BRRRR method without exposing myself to risks I was not prepared for.Hope that answered your questions.
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27 June 2024 | 4 replies
Property management is generally a loss leader in the real estate industry.
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1 July 2024 | 5 replies
We are starting to sell cabins individually and transition into property management, which will enable us to grow and decrease our workload.