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16 July 2024 | 41 replies
They should have designations of education and experience as an example.That will put you in a very select company right there and you should be good to go!
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16 July 2024 | 3 replies
Personally, I would give them notice of termination and start fresh with a new renter that I've personally selected, using my lease, at my rent rate.
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16 July 2024 | 2 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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19 July 2024 | 53 replies
I applied for a rental loan as their Investor Select product looked compelling - it had a comparatively low 3.6% interest rate for investors with a W-2.
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16 July 2024 | 0 replies
What's most important to you when selecting or suggesting a mortgage partner or lender?
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17 July 2024 | 18 replies
Make all your selections and dont deviate unless you absolutely have to!
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18 July 2024 | 40 replies
(These averages represent state-level; individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs in Texas.Florida: The property must generate $2,343 ($5847 - $3,504) more cash annually to compensate for the higher operating costs in Florida.Overhead costs can have a large impact on cash flow.A Process For Selecting an Investment CityThere are too many potential cities to evaluate each one.
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16 July 2024 | 26 replies
When I first raised rents I kept everyone month to month because I hadn’t selected those tenants and wanted to see how they would be before signing a year lease.
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16 July 2024 | 0 replies
They can take time with their search and be more selective about a property’s location and condition.
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16 July 2024 | 5 replies
Market Selection Criteria: To choose the right market, consider factors such as:Economic Growth: Look for markets with strong job growth, a diverse economy, and increasing population.Rental Demand: Identify areas with high demand for rentals, which can be indicated by low vacancy rates and high rent-to-price ratios.Affordability: Ensure the market offers properties within your budget that also meet your cash flow and appreciation goals.Property Management Quality: Verify that there are reliable property management companies in the area to handle day-to-day operations, especially if you are investing from a distance.Comparative Market Analysis: Perform a comparative market analysis to compare potential markets.