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9 May 2024 | 20 replies
I spoke with real estate and property management professionals about it and they recommended not providing it due to maintenance issues.
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9 May 2024 | 2 replies
Hi, can you provide more detail about what you mean by "lead software to use to find property" - do you mean like lead management software / CRM to manage your leads that you've already generated?
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9 May 2024 | 13 replies
Or do people generally keep their rentals in the same location so they are easier to manage?
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9 May 2024 | 6 replies
If you intend to have it managed after purchasing, reach out to a couple STR property managers and have them offer their perspective on what's worth fixing, what amenities you need, and how much they would rent it for.
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10 May 2024 | 6 replies
The risk you run with this model though is you would risk being over leveraged since your using 100% debt, and you would need the property to have a high cashflow amount each month to cover Capex, insurance, debt service, and your normal expenses associated with the property (property management included).
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9 May 2024 | 159 replies
Maybe a little more if you self manage and less if you use pm.
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10 May 2024 | 10 replies
After the owner paid for the license application, I worked with the county to get the STR license approved under the owner's name with me as the manager.
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9 May 2024 | 6 replies
If so I'll make sure to start pressing him for leads.I do not have a title company, construction, or property management partners yet.I feel like a mentor would make sense, but I'm not sure if a paid mentorship is the best bet or simply trying to network with RE professionals in the area.
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9 May 2024 | 1 reply
For instance, if I manage to raise private capital to fund a deal and purchase a successful rental property, how would this actually benefit ME when I have no skin in the game (i.e. money of my own invested)?
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9 May 2024 | 8 replies
Accounting packages such as QBO and others specific to property management are good, but they can also be like killing a housefly with a sledgehammer.