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27 March 2024 | 3 replies
I don't have any specific goals set yet.
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28 March 2024 | 10 replies
As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!
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28 March 2024 | 8 replies
A few specific questions I have are listed below:1.
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27 March 2024 | 3 replies
The rehab budget is a bit tight and we want to reserve our contingency for any other surprises.
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28 March 2024 | 13 replies
I sat in on investor Due Diligence meetings with the heads of all departments, learning how leasing was done, property management, bank financing, corporate finance and budgeting, etc.
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28 March 2024 | 4 replies
Would love to conenct to hear more about the specifics and try to point you in the right direction.
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28 March 2024 | 13 replies
Can you provide more details on the specific tasks you wouldn't do?
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29 March 2024 | 11 replies
I appreciate you sharing some specifics on the risks with a real life example ( I have not been paying attention to that detail, so that is good education for me).I do get the idea that if it's a good year, I am missing out on good TSP compounding due to a loan for real estate.
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27 March 2024 | 9 replies
If you are looking for something overseas on a budget check out onlinejobs.ph is a popular one for VAs if you are looking to interview/hire a VA yourself.
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28 March 2024 | 12 replies
If legal, is there anything specific that I need to include in the agreement other than the sale date and sale price to make it ironclad ?