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9 May 2024 | 8 replies
Accounting packages such as QBO and others specific to property management are good, but they can also be like killing a housefly with a sledgehammer.
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9 May 2024 | 6 replies
Pros:- Everything is all in one place- Easier to manage, less hassle (likely)- More predictable - Easier paperwork Cons: - Less liquid (have to sell all or none) - All eggs in one basket Just off the cuff, those are my initial thoughts.
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10 May 2024 | 7 replies
A property manager has told me I can get 8-12k a month for my in law apartment so that sounds pretty good to me and I can build funds.
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9 May 2024 | 159 replies
LTR management fee is 10% standard with PMCs in Indy.
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10 May 2024 | 18 replies
Work with local real estate agents and managers for valuable insights and support.Good luck!
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6 May 2024 | 4 replies
Hi BP Friends,Does anyone have any recommendations for short term rental property management in Mariposa, California?
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11 May 2024 | 8 replies
It does affect the bank's risk management processes.In the event they do require the loan to be paid off entirely, they issue a demand letter that gives you 30 days before they begin a foreclosure.
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9 May 2024 | 13 replies
Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.
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10 May 2024 | 19 replies
You can also partner with someone with money to purchase a house, manage for someone, etc.
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9 May 2024 | 2 replies
My goal is to build a passive income portfolio, build equity and appreciation in properties, build a strong management system, and continue investing for financial freedom.