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15 October 2020 | 106 replies
(but have a bonus for good performance).
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14 September 2020 | 0 replies
They all seem to be feeding us high level general info and no real specifics on structuring the business entities in the best manner possible for our goals.I know the best method is a referral from someone you know doing what you would like to be doing, except, I don’t know anyone that falls into that category.
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15 September 2020 | 2 replies
Here's what I have so far:1) Network on BP or local REIA's to find qualified contractor referrals then further vet those referrals through websites like Yelp.2) Interview 10-15 contractors through those referrals or websites.3) Get 3-5 materials and labor separated bids with an expected worst case scenario time frame for your rehab prior to finalizing the deal.4) Turn the bid into a binding contract where bonuses are in place for finishing on time/early and penalties are established for finishing late.5) Supply the materials for each phase of the rehab and pay labor as phases are verified to be complete by other team members (Real Estate Agent/Property Manager).
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15 September 2020 | 4 replies
It was a good way to get me to this point, but going forward I need something that either provides a higher wage, or an opportunity for growth via commission or bonus.
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15 September 2020 | 0 replies
Do you guys provide extra cash/bonuses to realtors for providing you good deals?
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2 October 2020 | 28 replies
We gave our cleaning person a $100 bonus and Airbnb made it right.
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18 September 2020 | 28 replies
(The third type is the companies that don't care and don't automate, which I assume you and other BP users would weed out.)I think your company falls into the second category and it seems like they're trying but not optimized.
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3 October 2020 | 7 replies
It lays out the property information, deal information, scope of work and itemized budget per category, timeline, and then ultimately the terms and the estimated return the lender is set to receive.
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17 September 2020 | 2 replies
I was also planning to set aside 25% of the rental income to add to these categories (capex, maintenance, and vacancy) but am not sure if that is over-the-top and not necessary.Maybe someone else can let me know what they tend to do?
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25 September 2020 | 4 replies
The building used to guzzle home heating fuel and now it is heated by solar power through high efficiency heat pumps, which also provide efficient cooling for an added bonus.