This way, they’ll have a vested interest in maintaining high standards of management.To truly understand property dynamics and support the management team, I recommend spending time on-site.

You really want someone that invests in their market themselves and understands the numbers.

Hopefully it helps to understand what happened and why.All the best!

It’s all about finding someone who understands your goals (buy-and-hold, flips, etc.) and knows the market inside out.

Here are some tips to help you negotiate effectively:Know Your Numbers ColdBefore entering any negotiation, understand the financials of the deal inside and out.

@Unal Baris Kancoglu Costco is a trusted name for many things, but for HVAC services, it’s important to understand how their model works.

I understand the risk it comes with if I have vacancies, but I do have a couples of months of mortgage saved to use in case I get stiffed.

They don't understand how to price effectively, study the market, set boundaries with tenants, establish policies and procedures, communicate, and dozens of other things.

Understanding the interest rate, loan maturity date, and any prepayment penalties will help gauge urgency.3.

The key to success is understanding the nuances of the market—different neighborhoods perform very differently, and having a strong team on the ground is essential.If you’re interested, I’m happy to share some resources on investing in Detroit and what makes it work for BRRRR.