Patrick Flanagan
Scaling a property management company
7 February 2024 | 16 replies
Market to real estate offices that do not provide PM and offer them a referral fee.
Sandra Gutierrez
New to being a landlord
5 February 2024 | 7 replies
Tenant selection and screening are great determining factors in this as well.
Account Closed
New to the community, looking for guidance
7 February 2024 | 8 replies
It really depends on many factors what option you would use.
Jeremy H.
Self Management - Yay or Nay? Why?
7 February 2024 | 13 replies
She's been pushing to work from home lately and the properties are generating enough in management fees (between placement and the 10% a month) to make it a possible option.
Tony Pellettieri
Our 3rd Investment Property - Which Exit strategy?
5 February 2024 | 9 replies
This will require less cash invested, shorter time frame to complete, and more cash we take from the deal.Exit Strategy 1 - Have current Renters vacate, complete SOW, get new renters @ market rent, cash out on max ARV, HOLD.ARV: 126,000Acquisition: $60,251+ Closing $925SOW Budget: $15,750Rent after Rehab: $1,000DSCR c/o $100,600 Loan @ 7.5% 30yr LTV80%: $840 PITI + Fees +/- $4000 (2pts+undw/orig/leg)Cash Flow: $160 before ReservesCash Out - Cash In - Fees: $19,674 (100,600-60,251-925-15,750-4000)Exit Strategy 2 - Have current Renters stay, complete light SOW, raise rent, cash out on lower ARV, HOLD.ARV: 110,000Acquisition: $60,251+ Closing $925SOW Budget: $2,500Increased Rent: $900DSCR c/o $88,000 Loan @ 7.5% 30yr LTV80%: $752 PITI + Fees +/- $3800 (pts+undw/orig/leg)Cash Flow: $148 before ReservesCash Out - Cash In - Fees: $20,524 (88,000-60,251-925-2,500-3800)
Chris Seveney
What is the best way to get off market deals?
7 February 2024 | 4 replies
After all, they want certainty (or at least as close to certainty) as they can get in order to collect their fees.
Duarte Marques
Thoughts on buying section 8 rental property as first rental property?
6 February 2024 | 5 replies
In class C neighbours, depending on crime rate and some other factors.
Jonathan Leung
Looking for a turnkey company to help with real estate investing
6 February 2024 | 20 replies
They slap on fees ranging from $1,500 to $5,000.
Lieren Schuette
Best High-Yield Online Savings Accounts?
6 February 2024 | 26 replies
Unlimited fee-free transfers.
Lee Brewer
Haven't received rent check but tenant says it was sent/cashed
6 February 2024 | 27 replies
Late is late, charge the fee and let him work it out with his bank.