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15 August 2024 | 17 replies
I have seen some of these "Bookkeepers" who have a set price and then get VAs to do a lot of the work and they send pretty Excel financials over to make it look like they are great but they don't actually know the concepts and how it all flows together.
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13 August 2024 | 3 replies
A few things that could help the community weigh inHelpful to have some ballpark numbers because without knowing 4% of what vs how much a HELOC payment would be, etc etc it's hard to weigh options.
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12 August 2024 | 3 replies
You should have an understanding of what the per door expense is in the market, and then take into consideration the age/condition of the property.If you don't know what to reserve, have a few conversations with property managers in the market and talk to community banks who lend on the asset and ask themGino
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12 August 2024 | 2 replies
We are exploring keeping the property, at least for a while for a STR, already know ok per city regs.
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13 August 2024 | 4 replies
I imagine @Katie Lepore might know someone.
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12 August 2024 | 14 replies
You don't need to know if there are mortgages or judgments because they won't matter if you have to foreclose.
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13 August 2024 | 3 replies
Does anyone know the figures for these expenses offhand possibly - Vacancy Rate, Capex, Property Managers?
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13 August 2024 | 14 replies
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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12 August 2024 | 21 replies
(I know because I bought that too) In the end, I would not recommend it.
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13 August 2024 | 7 replies
I’m ready to jump into the real estate game but I don’t know where to start.