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27 September 2014 | 8 replies
It had nothing to do with FMR (Fair Market Rent) which is used to establish what the "going rate" for an area (an MSA) will be.
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27 September 2014 | 21 replies
And, if you get a good buyer's agent, they are in a better position to justify a price with that listing agent, it's not just comps and costs of repair.A newish listing agent can be intimidated by some old well respected buyer's agent, it's a learning experience when those two get together and the alpha dog usually wins.
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2 October 2014 | 19 replies
Best advertising is word of mouth, but it takes time to get established, which should be one of your goals. :)
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29 September 2014 | 4 replies
Here are a few things that are important to me (no particular order):The understanding that while you are the property manager you will be managed by meProactive instead of always reactiveTimely financial reporting, timely response to tenant concerns, timely action when tenants break the rules, timely feedback to meBe known and seen by the tenants (do property inspections, find out what is going on before its too late)Be firm but fairHave solid referencesOwn real estate investments (this is very important to me)Expert in fair housing, eviction process, marketing, tenant screening and selection, etc.Have an establish process and vendor pool for a large variety of repairs, be responsive to repair request (doesn't mean all request are granted)Think of it as a partnership (we make money together)Have staff that can step in (can't have a single point of failure)I am sure there are others but this is off the top of my head.
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7 October 2014 | 7 replies
I look forward to the entering the Cleveland market and establishing trustworthy connections.Frances
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30 September 2014 | 6 replies
Applying my strengths and respecting my weaknesses, I feel is half the battle.
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2 October 2014 | 5 replies
These areas must be respected and maintained in a clean, orderly fashion - included but not limited to trash, debris, odor, unattended possessions, music or noise etc - by penalty of $100 fee per incident.
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30 September 2014 | 6 replies
Close with the established methods in your state.
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1 October 2014 | 17 replies
The recording of the note assignment establishes the record of ownership, but it's really your operating agreement that binds the partners to performing from a financial perspective on the note after it has been purchased with regard to paying for expenses like professional services and such.