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17 January 2025 | 19 replies
On the business management side, I've invested roughly $10k into the systems for financial and operations through courses and consultants.A great Facebook group I'd recommend Remodelers Community -- I know it says remodelers but this group has a resource called the "remodelers vault" where members have pitched in their resources like contracts, cash flow trackers, QC checklists and more that are invaluable starting out as a residential GCBest of luck, you got this
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28 December 2024 | 8 replies
You could have stopped this train wreck before it ever left the station.
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27 December 2024 | 8 replies
It should clearly state the operating income, operating expenses, and net operating income.
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7 January 2025 | 20 replies
If you do decide to work with them, you could set up a clear partnership where they’re equity partners and you handle the management and operations.
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5 January 2025 | 24 replies
Buying an out of state rental property from a realtor, wholesaler or off facebook or zillow etc as opposed to from an operation or turnkey provider who has an active, substancial, and effective boots on the ground team or teams to support you after you close on the sale.
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30 December 2024 | 6 replies
I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.
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1 January 2025 | 7 replies
The other unit a hot tub.The unit with the pool and hot tub has been operating as a STR for two years.
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27 December 2024 | 2 replies
But if you’re new, relying on that razor-thin margin of error can feel like racing the clock in a marathon you’re not fully trained for.
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6 January 2025 | 57 replies
Which is also one of the 3 fundamental needs of a business most often (customers, product/service, place of operation).
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8 January 2025 | 14 replies
Although he is a banker, he thinks having the ability to operate as a broker and place loans with 30+ other lenders, in addition to his bank, is the "best setup."