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4 January 2022 | 3 replies
I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.
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26 March 2023 | 5 replies
We prioritize what's important and don't desire the latest and greatest unless it's specific and made a priority in our life.
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13 December 2017 | 15 replies
My mental math says less than a 4% return on your cash.
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4 January 2023 | 37 replies
There are all sorts of mentalities out there around blue chips markets being tried and true/over saturated, etc.If it were me, I would research which markets had the best potential based on your budget and proximity, then start reaching out for STR specific realtor contacts in those markets in this forum
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23 December 2023 | 0 replies
By prioritizing effective communication and prompt problem resolution, a proficient manager significantly contributes to tenant satisfaction, ultimately leading to improved tenant retention.
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23 December 2023 | 24 replies
Where Chris mentions income approach should be what an investor is concerned with, I'd have to disagree with due respect because income approach (IA) will never (never has for me) been used to push market value upwards on an actual appraisal therefore the appraisal could never be used for a refinance to obtain a loan against the property or on a purchase of 1-4 MFR or SFR.My position is that while we can mentally masturbate with IA method of valuation it will never have relevance in the real world (to sell, use asset as leverage, etc).
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2 February 2023 | 52 replies
A major selling point for my work is that you can focus on the value add parts of your RE business that only you can do- the "work on your business, not in your business" mentality of specialization and outsourcing.
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28 July 2021 | 66 replies
Your hardest critic is your brain and if you like to live comfortable and not push yourself mentally you probably won't retire till 60 if your lucky.
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14 July 2017 | 45 replies
I believe you are stuck with no planning, you should be planning at least 2 weeks ahead with what you want them to do, not "oh you need to do this tomorrow", give them 3 days of worth so they know how to prioritize, that is why you hire someone with a brain and let them choose their maximum productivity.
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24 September 2011 | 23 replies
I just dont get the mentality of people who I am trying to give money to.I am definitely on the hunt for other knowledgable agents.