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8 January 2025 | 33 replies
Fortunately - we have a good relationship with our servicers and can get frictional matters that arise rectified/resolved relatively quickly, but the frequency of said matters could certainly be reduced.
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24 December 2024 | 2 replies
Examples could include:Partnering with other investors to share risk.Using seller financing or lease options.Leveraging creative rehab techniques to save on costs.Negotiating with contractors in a unique way to reduce expenses.I’d love to hear any stories, tips, or approaches that helped you pull off a deal others might have instantly passed on.
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3 January 2025 | 11 replies
So, using the PA court systems public website has been more accurate than any service for these local applicants.
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23 December 2024 | 5 replies
I recommend being anonymous.In some cases if you have a PM, let them advertise it as their own.If you have an llc then the lease and payments go to that.While I do introduce myself to tenants, I don't advertise I'm the owner publicly.
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6 January 2025 | 25 replies
With that said I feel like I significantly improved my position and reduced my stress..Being high income earner is great, but the goal is what you keep and what you spend.
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26 December 2024 | 6 replies
It makes me wonder why they have to open a user on every forum to publicly clear their name, yet there isn't one real user that can show something they have really done. smells fishy at best.
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27 December 2024 | 12 replies
Each state and county has a different way of finding out, but it should be public info in each county.
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24 December 2024 | 23 replies
Active syndicators are frequently quoted in news articles or have entire articles written about them in trade and mainstream publications.
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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.
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24 December 2024 | 3 replies
This could involve offering a higher interest rate in exchange for reduced upfront costs or deferring payments until a certain milestone.If building right away isn’t feasible, consider buying the lot now with the goal of paying it off over time, and save up to build when rates and budgets align.