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17 October 2024 | 20 replies
Challenge is, finding a PMC that meets your expectations and is organized well enough to consistently deliver.Read on for our copy & paste advice about screening PMCs:-----------------------------------------------------------------------------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.
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16 October 2024 | 6 replies
If the answer to any of these questions is no, not consistently or not well, you should start by addressing these operational issues in your business.
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16 October 2024 | 13 replies
Everything revolves around consistently receiving rent and having the ability to increase rents faster than inflation.
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18 October 2024 | 25 replies
Take for instance my B+ located quadraplex consisting of 2 Bedroom units in Philadelphia that rent for just shy of $3,000/m and compare my building to the nearly identical quadraplex building in a C location in Philadelphia were the rents are $1,200/m.
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14 October 2024 | 4 replies
Remember, it's consistent base hits that win the game!
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14 October 2024 | 4 replies
We use PriceLabs but set it at a consistent rental rate and same on FF.
14 October 2024 | 1 reply
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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13 October 2024 | 2 replies
An insurance broker explained this to me in the past as the law of large numbers which suggests if a a carrier has significant enough exposure in a market the probability of claims arising will be more consistent with probabilities calculated in their underwriting than a when a smaller sample size were to exist.
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18 October 2024 | 29 replies
You should definitely be consistently asking for reviews from happy customers.
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14 October 2024 | 9 replies
@Nathan Gesner Not trying to pick a fight here…you’ve posted 26,000 times I don’t care to go back through your posts to find one in 2023 that’s consistent with what we both agree on….that 100% anonymity is not achievable.