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29 July 2019 | 11 replies
Add on water boilers, siding, installing a furnace, painting the entire exterior, etc this expense can add up over time, so increasing it can't hurt.(2) I am a big fan of having a misc budget of $50/unit/month.
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23 July 2019 | 12 replies
I also maintain an information document that answers all frequently asked questions and I proactively send it to every renter to avoid a lot of email traffic answering the same questions.How do you maintain and communicate schedules to cleaning staff, and apartment or resort security if applicable?
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22 July 2019 | 3 replies
If they pay then reverse, you get nothing and need to reimburse ALL parties along that chain of payment including your PM.Now - on a separate issue, if your PM is accepting payment methods that are being dishonored frequently, its time for either a discussion about that with them or you changing PMs.
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23 July 2019 | 8 replies
This was the first bank I talked to and I wasn't a fan of the response, as it won't be conducive to the strategy.
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30 July 2019 | 8 replies
I don't think you are going to find the same deals with online platforms as you will with individual syndicators.To make it simple lets just look at one thing, mailing out the K1 statements at the end of the year.If a syndicator gets 400 investors to invest $50k each that will cost them about $10k to mail out their statements using FedEx.An online platform will have 4000 investors investing $5k each so their K1 mailing will cost about $100k.Everything else will work at about the same ratio.The other problems is that syndicators frequently charge just enough fees to keep the lights on during the project, and make the majority of their money on the sale of the property.
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2 August 2019 | 24 replies
One thing I should mention is that doing frequent condition checks is important.
25 July 2019 | 8 replies
I'm not a fan of bandit signs, although I'm sure others are.
25 July 2019 | 5 replies
In general, and less numerically, I'm not a fan of buying a primary home.
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26 July 2019 | 2 replies
Hi, I know not everyone is a big fan of Than Merrill and Fortune Builders, and I know that some of their focus will be upselling the audience into their coaching and classes.
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26 July 2019 | 5 replies
. - Are there ceiling fans in any of the rooms?