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29 March 2024 | 1 reply
I find it's much more accurate than some of the software's we tried-plus most software's include labor costs.
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31 March 2024 | 2 replies
That means the insurance company cuts you a check equal to your rent for any month the property is uninhabitable (e.g., fire, flood, hurricane).
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1 April 2024 | 15 replies
That was a new manufactured home too, so it meets latest code.A lot of manufactured homes are financed through the company that sold them or they are sold on a contract for deed basis.
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31 March 2024 | 10 replies
Chalk-it up as "company policy".
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31 March 2024 | 1 reply
I have a "template" of a purchase contract from a title company, but was curious if anyone on here may have access to a really nice contract.
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27 March 2024 | 14 replies
Also, for one property, I often like to point out that you don't need to invest in a ton of software.
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29 March 2024 | 10 replies
@Jourdan Mercer a W-9 will give you the information that you need to fill out a 1099 to send them (name or company name, address, tax status, SSN or EIN).
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31 March 2024 | 11 replies
However, even after that many title companies won't insure the title until you have owned the property 1 or even 2 years.
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29 March 2024 | 11 replies
To tackle these challenges, I leaned on my background in Software Engineering and developed a tool designed to make the bird-dogging phase a bit smoother.
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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!