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6 May 2024 | 1 reply
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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6 May 2024 | 3 replies
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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6 May 2024 | 30 replies
It doesn't have to be art since it's most likely in a closet anyway and it won't take much to keep the filter covering that hole with the help of gravity.If you are planning on relying on that system for an extensive period of time though, I'd probably get it inspected by an HVAC professional.
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6 May 2024 | 10 replies
I keep going over how many other potential properties I could have purchased and had actively bringing cash flow at this point if I’d have let this one go and moved on.
6 May 2024 | 12 replies
There are much smaller homes in worse parts of town renting for $1600+ currently.There is not a cap on how much I can raise rent here in SW Missouri, and my thought process was to keep the rent a few hundred dollars under the market rate so that if they decided to look around, they’d realize they can’t find anything comparable with the new increased price and stay anyways.
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6 May 2024 | 9 replies
Seems like a risky plan and if there is that much upside on the rent why not just adjust the rent yourself (doesn't need to be immediately if you're that afraid of losing tenants, just do it a little more tactfully, maybe make some small improvements or give them some more time to make it more agreeable) and keep the property?
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5 May 2024 | 9 replies
Your only hope to keep organized with a password app that is secure.
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6 May 2024 | 37 replies
Because I have been an active Realtor for so long, I do have a bit of an advantage with knowledge and relationships with flippers..but I will be spending my time finding ways to keep my money moving and that time might be able to have a higher ROI if I keep doing what I already know.
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7 May 2024 | 19 replies
It's very difficult to keep up with the changing laws and this is why I'm an avid member of NARPM and I wish every PM was.