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16 January 2025 | 4 replies
If you are going into MF make sure you have a lot of cash sitting on the sidelines for maintenance and repairs.
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17 January 2025 | 35 replies
Ultimately it was the customer service and poor quality of my post cards that caused me to leave.
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10 January 2025 | 15 replies
As you already know, the quality of the investor agent will speed up your learning curve, and save you money, time, and headaches.
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18 January 2025 | 11 replies
Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.
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11 January 2025 | 4 replies
Turns out, the right marketing found renters who appreciated the quality and were willing to pay a premium.
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18 January 2025 | 8 replies
The truth is, they will keep playing games and milk you for every penny they can, then they will leave the house a mess and cost more with cleaning, repairs, and vacancy.
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18 February 2025 | 16 replies
Be conservative with your numbers – When using a cash-on-cash calculator, I recommend budgeting at least 10% for maintenance and repairs instead of 5%.
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20 January 2025 | 6 replies
I looked into the maintenance option years back to discover a trend of: apx. 8% monthly fee which only included rent collection (everything else from maintenance to turnovers etc, extra, and poor reputation on repairs.)
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8 February 2025 | 29 replies
(you gotta get the wife on board first😁)I probably won’t do an OOS BRRRR yet but maybe something that the repairs are not as extensive if I can find a deal with working numbers.Tanks for the response.
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13 January 2025 | 14 replies
For the duplex, would you consider it to be in a high quality (A), medium (B), or low (C) neighborhood?