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29 January 2025 | 2 replies
We don’t know any PMCs to recommend in the Cape Coral/fort Meyers area, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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11 February 2025 | 11 replies
@Greg Gallucci - would not recommend looking in Huntsville for MFH right now.
8 February 2025 | 16 replies
Malibu allows it but requires a 15% "hotel tax" on the gross revenue.I would recommend looking out of state or underwrite the property as a long term rental in the event laws change.
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4 February 2025 | 2 replies
Any recommendation for a good home warranty for a multifamily rental
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2 February 2025 | 1 reply
If the home has a really nice layout or beautiful interior and it's not getting many showings, I would definitely recommend a video tour.
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6 February 2025 | 7 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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12 January 2025 | 1 reply
Expect property inspector to investigate rehab performed was good, alongside general property inspection.Can a BP member please recommend a good inspector along with what I should expect to pay for the service.Thank you
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6 February 2025 | 4 replies
If you have a 20 year timeline, I'd probably recommend B areas closer to the city or in the better school districts in the suburbs for the highest combined ROI over that time period.Right now you can expect to find decently turnkey multis for about $60-$125k/unit usually all at least hitting the 1% rule in that range.
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5 February 2025 | 2 replies
If your PM is recommending a reduction of $100 on a $2000 a month rental property but you don't want to lose that money every month.
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15 February 2025 | 11 replies
Consider sourcing a local REI group for that info.I recommend evaluating your local area first since that is what you are most familiar with and most accessible.