16 July 2021 | 3 replies
Becoming an expert takes time, so choosing a topic sooner than later allows for more study time.
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15 July 2021 | 6 replies
Your pre-license exam study will run you about $500.
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15 July 2021 | 12 replies
We work hard to maintain previous clients’ loyalty.
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18 October 2021 | 53 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:Follow our "Deep Dive" series we're doing about Metro Detroit cities and City of Detroit Neighborhoods: https://www.biggerpockets.com/...How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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5 August 2021 | 15 replies
My main concern is always maintaining the property.
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15 July 2021 | 5 replies
Remember that houses require a lot of upkeep as they actually depreciate and If not properly maintained many properties can be worth less even with land values increasing significantly.
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15 July 2021 | 8 replies
In my opinion, many new investors underestimate the monthly expenses required to maintain and manage OOS rentals and nearly every turnkey pro forma you look at will be bogus.
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26 July 2021 | 13 replies
I studied geological engineering for my undergraduate degree, worked with Newmont Gold Corp for some time, got bored, went to the UK to study law, worked briefly in the field and got bored as well.
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27 July 2021 | 11 replies
Look into a fund of funds approach to maintain investor relations with your investors or simply partner into the main syndication by bringing in investors or playing a role.
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17 July 2021 | 3 replies
.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.