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28 August 2024 | 4 replies
@B RyansRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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28 August 2024 | 14 replies
I may not have information others have that invest here, but to the best of my knowledge everything above is accurate.
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28 August 2024 | 5 replies
Is this accurate?
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28 August 2024 | 6 replies
Personally, I have found that no wholesaler ever presented remotely accurate numbers (rehab estimates were well below my actual costs and ARVs VERY aggressive).
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29 August 2024 | 6 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.
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29 August 2024 | 5 replies
Of course, there are a lot of things to look out for...setting up an appropriate contingency reserve for unexpecteds, getting an accurate scope of work, properly knowing what your time-value-of-money costs are going to be, making sure you're contractor is not pulling crews for other customers, knowing codes and getting your permitting right, and the list goes on.
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27 August 2024 | 6 replies
The rent numbers are 100% accurate.
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28 August 2024 | 11 replies
Avoid properties on main streets (traffic noise, avoid homes near freeways (smog/traffic noise), avoid homes without garages if most other homes have garages, avoid being in airport flight paths, avoid over building or over rehabbing for the area comps, know how to properly and accurately estimate ARv and rehab costs, and have money lined up in advance.
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28 August 2024 | 10 replies
If their lease term expired, then they are automatically converted to a month-to-month lease and you can give them 30 days notice.I recommend you study the market to determine an accurate rent rate.
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27 August 2024 | 4 replies
@Gp G.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.