Tasha Smith
BP fan for years, now actively investing! Hi from Illinois :)
19 October 2024 | 14 replies
Going to meetups and conferences in a market you live in or are interested in investing in is always a great way to get a good sense of what it is like investing there and seeing how your property could potentially perform.
Daniel Slayton
Has anyone worked with Homeroom before?
18 October 2024 | 15 replies
I have contacted them multiple times about the performance with little to no change.
Natasha Bradford
Need help to understand part of the wholesaling process
17 October 2024 | 12 replies
How can I get the property inspected or who is best suited to perform the inspection on the property?
Patrick Goswitz
Purchasing Material For Contractors
24 October 2024 | 139 replies
If you are going to purchase materials as a cost saving mechanism, remember the project will perform best if both the owner and GC turn a profit.
Stuart Udis
Education Syndication Model: The Road Map
22 October 2024 | 23 replies
@Jay HinrichsThat lender yes made a very bad investment which I am being kind with those wordsI have a non performing loan in BK and a person gave this person $60k loan unsecured while they were in bankruptcy and never even ran credit or checked on his backgroundShe now wants to sue for fraud which great your suing someone in bankruptcy - the money is gone.
Courtney Hamilton
Property Management Search
17 October 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Jeremy Altdorfer
20 units multifamily owner can't show proof of income via bank statements
16 October 2024 | 11 replies
How else can I verify past performance?
Emily Shay
Macon, GA Property Management recommendations
17 October 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
Christopher Mooney
Operating Agreements & Best Practices for Partnership
18 October 2024 | 7 replies
Also, explain how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.
Travis Dumont
Best Property Management software to use??
17 October 2024 | 10 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.