Rashad Randle
Looking for Contractors
5 June 2024 | 2 replies
They’re great people to have on your team.
Mark C.
Registered Agent for anonymity
5 June 2024 | 12 replies
@Ned CareyThis right here - great point on registered agentHonestly (posted this prior) people 100% think they are more important than they really are and nobody cares who you are.
Ethan Gidcumb
What are the differences of a Hard Money Lender and a Private Money Lender?
5 June 2024 | 4 replies
That can be the reason some people have differing opinions on how each group should operate in the real estate investment space.
Zachary Harr
Long Time Lurker, Introduction
5 June 2024 | 9 replies
Although my wife and I are excited, I know that we could be doing more to grow our money (I also know that many people don't tie in equity to NW, and these numbers are skewed if we keep our home forever).
David Ezeokeke
Looking for ways to gain experience
6 June 2024 | 11 replies
However that is a long time to just wait, maybe get your RE license and help people buy and sell homes and mabye you'll realize its more fun than being a property manager.
Patrick Henry
Im looking to use RP Capital and/or Memphis invest. Advice???
6 June 2024 | 16 replies
I try to speak with at least three people that have used them before I add them to my list of businesses I use (researched and passed my criteria).
Johnny Haygood
Rent to Retirement my experience
4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.
Shilpa Shankar Bhatia
Investing in Westend Louisville
4 June 2024 | 1 reply
I'm thinking some kind of meet up for people investing in Louisville Westend.With all the developments in the neighborhood and city pouring money in there, thoughts on future of investing there.Which neighborhoods in Westend are you investing in, whats your exit strategy and are you self managing or PM.Happy to hear people's point of view.
Tiffany Tan
Seeking Advice on Property Manager Issues and Termination Process
5 June 2024 | 7 replies
My PM charges potential tenants a two-month security deposit—could this be why we are pushing people away?
Wil Pollock
New Investor Group
5 June 2024 | 0 replies
I'm looking to meet like-minded investors and make new partners with people serious about investing in the New York City area.