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8 June 2024 | 8 replies
Currently we have a 78 year old property manager who makes 10% of the rent for doing everying....He is adverse to technology so sharing the work load with him through turbo tenant usage is not possible.
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8 June 2024 | 1 reply
I have an area in mind that is currently undesirable but based on market trends seems to be primed for growth in the next 5 years.Any advice on research I could conduct before diving in, or other avenues I could explore to start and build my portfolio would be greatly appreciated.
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4 June 2024 | 31 replies
I sold 4 cheap rentals in Gulfport/Buloxi this past year because I got sick of the hurricanes and carrying insurance pretty much eliminated almost all cashflow.
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8 June 2024 | 31 replies
We are currently looking into Kissimmee and Fort Myers to start with.
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9 June 2024 | 18 replies
Some lenders will waive escrow accounts- some for free depending on the loan product and down payment and some with a .25 add to the current rate.
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9 June 2024 | 6 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
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9 June 2024 | 40 replies
However, this book talks about getting a margin of $20,000 to $30,000 off a property off rip and from what my understanding is, the current housing market wont allow for that I will lose that deal most times.
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9 June 2024 | 14 replies
I currently have tenants who pay through Zelle and with money orders.
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8 June 2024 | 4 replies
@Choon Yee DeeRecommend 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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8 June 2024 | 21 replies
Trying to build out that dream team of contractors and subs as well.A mentor would also be super helpful, but like I said, still building out that network.As far as my personal situation, I have a good credit score, a decent amount of savings (200k cash) and a little more than that in investment accounts along with some equity in my current home, a mortgage, and car payments.Any advice would be greatly appreciated.