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20 January 2025 | 2 replies
.- PM is contractually obligated to perform annual maintenance/inspection to keep property in top shape. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
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26 January 2025 | 13 replies
Try to narrow down your options to the top 3-4.
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17 January 2025 | 22 replies
I'd be happy to share my resources if you're interested.
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28 January 2025 | 42 replies
My point is I'm not interested in having a second job.Currently doing analysis on identifying top zip codes for the facility based on criteria like age distribution, median income, education levels, % of home ownership.
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31 January 2025 | 20 replies
Just add an update at the top or bottom explaining it's being resolved?
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17 January 2025 | 9 replies
(And I would tell you to not buy a property that doesn't cash flow unless you have significant resources behind you that could absorb anything that could come at you - like replacing a $5,000 AC one month followed by replacing a $1,000 hot water heater the next).
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20 January 2025 | 9 replies
Let me know if you want to get connected with data and resources in the area.
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24 January 2025 | 8 replies
You also will still need to manage your property manager - ie, stay on top of expenses, ensuring your property is being managed effectively etc.
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16 January 2025 | 8 replies
If you are looking to start with development I would check out these resources: https://www.biggerpockets.com/blog/rookie-319https://www.biggerpockets.com/forums/44https://www.biggerpockets.com/blog/why-investors-should-be-f...
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21 January 2025 | 15 replies
congrats my friendHere is one piece of advice I have for you:As you attempt to find what area to invest in, use this website https://www.areavibes.com/Its a great resource and starting point for what an area might look like and it has something called a "livability score".