Efrem Debesay
Metal Roof Vs Asphalt roof
13 March 2024 | 16 replies
I assume metal roofs in general are more expensive so thats why builders, flippers, roofing companies push them because they are better for their margins, but if you are planning on holding the asset for the long haul I have to think metal is going to last way way longer.
Alex Lawson
What maintenance issues do you not cover?
11 March 2024 | 7 replies
Tenant agrees to comply with all duties required by Wyoming Statute §1-21-1204: maintain the Premises in clean and safe condition and not unreasonably burden any common area; dispose of all garbage and other waste; maintain all plumbing fixtures in a condition as sanitary as the fixtures permit; use all electrical, plumbing, sanitary, heating, and other facilities and appliances in a reasonable manner; prevent water pipes from freezing by turning off outside spigots, disconnecting hoses, and keeping the rental heated to at least 50 degrees; replace lightbulbs, air filters, water filters, and other consumables as needed; test smoke detectors every six months and replace batteries as needed; immediately notify Agent in writing of any defects or dangerous conditions Tenant becomes aware of; replace broken or cracked glass, no matter the circumstance of breakage, unless the Tenant provides Agent with a police report detailing breakage beyond the control of Tenant; pay to repair anything damaged by the Tenant, his guests or invitees, whether through intentional act or negligence; upon termination, remove all personal property and garbage either owned or placed on the Premises by Tenant and clean the Premises to the condition at the beginning of the AgreementCreate a policy and stick to it.
Pedro Magallanes
Strategies for New Investors
12 March 2024 | 13 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
Dulce Davis
ISO 100% Commission Investor Friendly Brokerages in Texas
10 March 2024 | 3 replies
The reason most brokerages arnt into this is because if 25% of your transactions are you as a principal or representing family members, then most e&o policies will not cover you.
Saurabh Mahadik
First-time rental property investor | Looking to connect with PM
10 March 2024 | 3 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
Agustin Rossi
Fees for Rental units
10 March 2024 | 5 replies
I charge $30 for the entire thing, so it's certainly not a money maker.My policy is that application fees are not refundable, period.
Patrick Goswitz
My heart hurts. BAD INVESTMENT
12 March 2024 | 15 replies
I think you have 3 options - Update it to HUD standards, wait for a cash buyer, or use a company like I just found with a search https://www.nhmcinc.com/now-financing-pre-1976-manufactured-...
Michael Bogdanoff
Los Angeles Property Manager Referrals
11 March 2024 | 3 replies
Looking for some referrals for a property management company which services the 90201 zip code.
Julian Sanchez
Real estate lesson of the day:
11 March 2024 | 6 replies
Unbelievable • His insurance won’t cover because as it turns out commercial liability does not cover craftmanship defects they need E&O insurance for that, hard lesson learned, 95% of small contractors will not have E&O, it's an extra cost for them and only the larger construction companies carry it.
Sainath Muntha
What banking products do you use to manage multiple accounts within your portfolio?
11 March 2024 | 14 replies
This is a fitech company backed by a fintech private bank and a penny stock public bank.