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27 June 2024 | 17 replies
@Damein White some great points by others concerning increases in rental rates and/or lowering of energy bills than a guaranteed increase in resale price.
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27 June 2024 | 9 replies
This is a good idea and should be done during due diligence after you have the property under contract.There are some contractors that just work with investors and efficiently get the work done on fixer-uppers or flips in a timely and cost effective way.They may charge you for the estimate which is credited to any work you have done.A general contractor is not a replacement for a quality home inspector and the home inspector may find additional work that needs to be done so good to have them there on the same day if possible.Both results and estimates are useful in retrading or renegotiating after the due diligence.To your success!
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28 June 2024 | 17 replies
I know the conversion rate is usually 2-3%, which means I would have to call 100 people to maybe get 2 listings.
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26 June 2024 | 22 replies
He must have recorded 300-500 podcasts in MF and mindset and success, so he's not hard to get to know--he and Joe Fairless seem to be the leaders in podcasting.
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27 June 2024 | 3 replies
Whether is taking his "course", paying for the self written articles about his success or aka writing "puff pieces", buying fake Instagram followers, sitting on FB marketplace trying to get someone to pay for a house they don't know is condemnable and pay to have DJ remodel it and DJ never completing the remodel, him spending an enormous time defending himself in small claims court, and threatening charges on people that don't know law so they pay what he wants.All of those examples came from either my observation, experience, or other peoples reviews of him.The guy rented me a condemnable property.
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25 June 2024 | 7 replies
@Austin Nicol a good analysis by @Ty Coutts, but he left out info about Property Classes.Rising real estate prices and mortgage rates have made it all but impossible to cashflow on Class A properties, and challenging on Class B.
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26 June 2024 | 10 replies
It's fantastic that you have clear long-term goals to build your real estate empire and achieve financial independence.Wishing you a successful and fulfilling real estate journey!
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27 June 2024 | 1 reply
This was 1982 and interest rates were approaching 18%.
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27 June 2024 | 1 reply
However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.
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27 June 2024 | 7 replies
Your landlord isn't going to pay any after hours, or weekend repair rates, and so you are most likely going to have to pay for those out of your own pocket, even though it's technically not your responsibility.