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6 May 2024 | 1 reply
@Tarik Kafel recommend checking NARM.com for professional and licensed PMCs.Also, here's our copy & paste advice:Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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6 May 2024 | 6 replies
I do have owner's company address with me I got it from the county department.
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6 May 2024 | 7 replies
If this property can cash flow and pull the money you invested out (or at least the large majority of it) I would lean in that direction.
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6 May 2024 | 13 replies
I had a property in Cleveland (Warrensville Heights) for 4 years and yes, I had to pay for the water/sewer (but not snow plow) and it was in my name, as the utility company billed me directly.But, I had that expense factored into the rent, so I was reimbursed when the rent was paid.
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6 May 2024 | 15 replies
Also, the University had some major challenges during the Pandemic, reducing their available programs as enrollment dropped.Anecdotally, I have a friend who bought two adjacent houses to turn into University rentals.
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4 May 2024 | 6 replies
I think this type of software would be most useful to a company buying at least 5 properties per month, which is the top .5%.
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6 May 2024 | 4 replies
Or Another strategy I heard is you get another policy with the name of your LLC/trust as the primary policyholder, identifying the mortgage company as well, then adding the seller as an additional holder.
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6 May 2024 | 10 replies
So, they prefer shorter and "easy and to the point".Those types of contracts will get a property management company in trouble.
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3 May 2024 | 4 replies
In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.
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6 May 2024 | 8 replies
Many of the large companies discourage it, but I'm not sure they disallow it completely.