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14 December 2021 | 5 replies
I feel like if anything, the govt actions will increase the total amount of evictions rather than preventing them.
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15 December 2021 | 6 replies
How much are you paying in interest, how much will a bank lend you and will the debt prevent you from being able to borrow enough to buy a home?
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16 December 2021 | 6 replies
Remember the 5 P's of the Marine's - Prior Planning Prevents Poor PerformanceThen there's your state issues.
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9 January 2022 | 33 replies
In 2017 Wisconsin’s Right to Rent law prevented municipalities from banning short term rentals entirely.
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18 December 2021 | 14 replies
A LLC May have prevented the full loss.
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21 December 2021 | 4 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!
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20 December 2021 | 5 replies
I think there is a large barrier to entry (high capital requirements, credit requirements, experience and time requirements, etc) that is preventing a lot of people from participating in real estate investing.
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19 December 2021 | 6 replies
Any protections you are taking to prevent?
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23 December 2021 | 8 replies
We do about 800-900 work orders a month made up of resident work orders, maint prevention, rental license inspections, section 8 inspections, turnovers, and cleaning.
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27 December 2021 | 7 replies
It allows me to prevent unexpected issues and extends the life of the furnace. with bulk i got the price down to $73. repairs are a lot more expensive at 2am in January.