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3 April 2020 | 4 replies
Companies, and it's tied to the #1 mistake more novice investors make and it is that P.M. looks easy, seems simple, and in reality it is a HUGE job that eat's time like a bottomless pit, requires considerable systems, and efficiency is EVERYTHING.
4 April 2020 | 8 replies
I'm about to rent my house to a tenant, and I'm wondering if there's anything specific I should do to help ensure the tenant pays in full on time.
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3 April 2020 | 4 replies
(Ensure the prorated rents, security deposits, other refundable, last months rents are included in closing documents).the additional LLC isn’t needed to manage cash flow unless you plan on becoming a property manager for third party people and that would be separate from the apartments LLC.An LLC doesn’t get extra tax benefits due to structuring.
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6 May 2020 | 14 replies
I have just set a record time for listing, showing and renting an apartment.The tenant was very cooperative and I ensured that everyone wore gloves and masks.
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3 April 2020 | 3 replies
What is an efficient way to actually get the contact info of that many owners?
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3 April 2020 | 0 replies
I think the creativity and availability for prospects to see available homes on demand will ultimately create a higher level of service for future residents as they weight their options, and will also likely lead to gains in staffing cost efficiencies for owners.
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10 April 2020 | 9 replies
But, I believe urban areas, like Minneapolis/Saint Paul where I am, will see a large temporary loss of STR inventory, and most of that loss will be from the bottom of the barrel, because they aren't profitable enough to justify the risk, but the highest performing STRs will of course stick around, because they're doubling or tripling income from LTR.I also own a duplex in Rochester, MN a few blocks from Mayo Clinic, that I'll be putting half of onto airbnb when it's done (I wish it was ready so I could help some healthcare folks out).I think it's like most industries though, the most robust and efficient businesses will withstand this crisis, while the weaker, unfortunately, might not.Just to predict, I think across the airbnb platform we'll see a temporary (maybe up to a year after the crisis comes to an end) drop of inventory around 10-15%, but I think bookings will drop by less than that amount (after the quarantines stop).
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12 April 2020 | 76 replies
While AI platforms make some pieces of the transaction easier, AI can’t completely replace the need for human engagement on a deal, which ensures that profits are maximized and that deals successfully close.
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6 April 2022 | 13 replies
I'll just say that many times primary residences don't make the most efficient rentals.
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6 April 2020 | 6 replies
I started finding properties that are not for sale, and I want to mail the owners, but my question is this: is it more efficient to analyze each one and then mail out; or mail, and then in the few cases where I receive a reply, analyze and find a deal with it that cash flows?