24 August 2020 | 3 replies
My leases state that I can access the property with 24 hours written notice with no justification needed.If you have a provision such as this in your owners lease, then it is just a matter of following proper procedure and letting them know that your photographer will be masked and gloved for their safety.

9 February 2023 | 1 reply
Low commissions for home sellers can be problematic for several reasons:Reduced Marketing Effort: Low commission rates can result in reduced marketing efforts from real estate agents, who may prioritize higher-paying listings.Less Experienced Agents: Home sellers may be more likely to work with less experienced agents who offer lower commission rates, reducing the quality of representation they receive.Reduced Access to Resources: Agents with lower commission rates may have less access to resources, such as professional photographers and stagers, that can help sell a property more effectively.Incentive for Quick Sale: Agents may be more focused on closing a sale quickly, rather than maximizing the sale price, in order to make up for the lower commission.Reduced Representation: Agents with lower commission rates may be less invested in the sale and may provide less comprehensive representation and advocacy for the homeowner.Overall, low commission rates can lead to reduced marketing and representation efforts, potentially hurting the sale price and making it more difficult for homeowners to achieve their goals.

12 February 2023 | 4 replies
I am wondering if anyone has any suggestions on timelines and general order to pursue different positions of the team.My initial thought on how to prioritize is: investor friendly Agent, Lender, title company, insurance agent, inspector, contractor, handyman, electrician, plumber, CPA, Attorney, etc.That is just in a rough draft order, what are your thoughts?

4 July 2020 | 16 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.

15 March 2023 | 27 replies
Pop my rent and my loan into a cashflow calculator and make sure my cashflow is 500 or better for safety because nothing is perfect until it’s set in leases and completed.

2 August 2022 | 8 replies
I would suggest, regardless of whether or not you have to rewrite the policy, that you consider purchasing additional Liability coverage (usually through an Umbrella policy).Look into what safety changes are needed for the property due to the business.

23 January 2017 | 36 replies
Mixing long term tenants, who are going about their daily lives which includes routine of sleep and work, complain of safety concerns (vacationers = random people versus qualified tenants/neighbors) and the noise level of vacationers ( which is less about loud partying than the irregularity of the coming and going, ie late checkin's rattling luggage by windows and up stairs) If the long term tenants are easy going and not overly territorial it may work out fine without high turnover or complaints.Good luck and keep us posted. -- Lisa

7 March 2023 | 12 replies
Once you gain some wealth you can afford to get better protection.Nothing will protect you from doing bad things like driving drunk in a company car and hurting and killing someone, or ignoring safety codes and killing folks with carbon monoxide poisoning from a furnace, or burning the house down from ignoring fire codes, but running your business correctly, buying insurance, and using an LLC properly will provide massive amounts of protection from liability.

25 October 2022 | 4 replies
Emphasis should be on the return of your money (safety) not the rate of return.

17 March 2023 | 10 replies
If your strategy is to refi your down payment out, I think I'd prioritize that path and which will return the most cash and allow me to invest in more deals.