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20 June 2024 | 23 replies
When looking for a PM, consider these criteria:1) the experience and credentials of the broker who supervises the company as well as the lead property manager2) the services they offer and how they line up with your needs and expectations3) the use of technology to make their job and yours easier 4) if they have a landlord-tenant attorney on retainer to help guide them on legal issues (not to mention the creation of lease agreement, landlord forms and notices, etc.)5) their process and policy for a) listing, b) application, c) tenant selection, d) routine inspections, e) maintenance services, f) property and tenancy update reports to you, g) lease enforcement policy, and f) move-out process.6) property owner reviews (caution: you can't always rely on Google reviews, because they may not reflect actual quality of the company, but still) 7) beneficial programs for both owner and tenant 8) a property management agreement that would indicate they know what they're doing and have the experience to know what matters in a PMA.
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18 June 2024 | 4 replies
So, I have no idea how much money I owe for 2023&2024, how much money is actually mine, how to take advantage of tax deductions/credits/RE professional Status/ renovation costs/perform a cost segregation, if I really need a wealth manager at this point and how to take out my retirement investment and move it to a mutual fund I run independently.My ultimate goal: create systems for my corps to run smoothly and optimize business-related expenses, keep my books up-to-date for both corps so I know my input/output, pay quarterly taxes throughout the year, give myself a modest monthly income and continue to preserve/build wealth and grow my RE PORTFOLIO!
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18 June 2024 | 0 replies
The average sale time decreased by 23.3%, indicating a quick turnover which is beneficial for investors looking for liquidity.Property Analysis: 732 W 22nd St, Houston, TX 77008Rental income potential: $2,500 - $2,900 per unit, totaling $5,000 - $5,800 per month.Rental Strategy: With the high demand for rentals in the area, this property could generate a steady rental income.
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17 June 2024 | 3 replies
Between the higher interest rates and increased construction costs the Self-Storage is not as beneficial, although it would be in a "B" market.
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18 June 2024 | 31 replies
@Ben Spader there aren’t legal ramifications if you mutually agree to terminate the lease.Basically you’re telling the tenant this:I’m not testing the property for meth and if you don’t like it I’ll let you out of your lease.
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17 June 2024 | 14 replies
It is also beneficial to have the tenant show proof of such insurance coverage within X days of the date of signature of the Rental Agreement. 2.
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14 June 2024 | 12 replies
I have three rental properties in Southern Michigan which are currently insured through Hastings Mutual.
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16 June 2024 | 7 replies
It might be a combination of stocks, bonds, mutual funds and alternative assets.
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14 June 2024 | 2 replies
Will it be profitable to switch from the private sewer to the public and how beneficial will it be economically if you're not flipping to hold but to sell?
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15 June 2024 | 5 replies
Property Summary:List Price: $230,000Estimated Monthly Gross Rental Income*: $3,400Estimated Monthly Operating Expenses**: $1,500Net Cash Flow: $1,919I have a business partner who may be interested in either a private lending of full equity arrangement, and I want to be sure that the deal is beneficial to him.