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29 February 2024 | 5 replies
My current property manager doesn't instead sending a monthly ledger with the month's payments (company name, pay date, amount) as well as monthly income/expense statement.
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29 February 2024 | 19 replies
My wife and I began flipping houses in 2017 for ourselves and we are now on the fix and hold side of things with our Property Management company.
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29 February 2024 | 4 replies
I also agree that the better companies charge 20-25%, so keep that in mind as well.
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29 February 2024 | 1 reply
I’ve thought about Property and Casualty or solar or just prospecting more for my company and trying to produce leads.
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28 February 2024 | 4 replies
I own/run a property management company and like you, I don't like having potential guests walkthrough our properties unaccompanied.
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29 February 2024 | 2 replies
BUT to get insurance as a GC you are going to have to jump through some hoops since you dont have a construction company and you are doing a major rehab.
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1 March 2024 | 34 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY 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.Class A is relatively easy to manage, can even be DIY remote managed from another state.
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29 February 2024 | 6 replies
I set up my entities mid 2023 -a holding company in WY and an operating LLC in NJ and have only had start up expenses so far and no income.
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29 February 2024 | 10 replies
I'd suggest you continue to build that network of wholesalers/deal finders, specifically the smaller mom & pop type wholesalers compared to the larger companies out there.