Chris Seveney
Can Getting Divorced Make You a Better Real Estate Investor?
8 June 2024 | 0 replies
Things are not going well, and our egos get in the way.
Kanika Jain
New to STR- How is the market in 2024
8 June 2024 | 31 replies
We have seen quite a bit of interest in the older resorts, closer to Disney where you can add current theming and create a real gem which will book well.
Konstantin Boubev
Oil Tank Removal cost
8 June 2024 | 22 replies
@Konstantin Boubev The removal cost sounds way out of line, typically well known companies like Brinks will remove the tank for a couple of grand.
David Byrd
Beginner Questions - Forum Etiquette, Research, Networking.
8 June 2024 | 1 reply
I currently have solid relationships with a real estate agent, as well as a quite a few tradesmen in the area.
Gulshan D.
New to the real estate investing world
4 June 2024 | 8 replies
I am meeting with an agent as well next week, but i think getting an input from other investors would be great as well.
Dick O'Hare
Bluprint Home Loans
8 June 2024 | 6 replies
As well, he goes above and beyond for his client helping them build strategies to grow their real estate business and will even get on calls with your Accounting team so that you have alignment across your Power Team.
Larry Wallace
Accidental pistol discharge in apartment
8 June 2024 | 7 replies
I'd view this as a responsibility to the other tenants in my property, and I'd probably, after this event, be willing to allow the other tenant to vacate as well if they asked.
Michael Megarity
What is the right move here?
7 June 2024 | 10 replies
Should we bother trying to wrestle with Trendmaker or HVAC company, who has since rebranded, for compensation (all of this did lead to significant health issues which is another story entirely as well) Question #2...
Jerell Edmonds
Section 8 housing need help !
8 June 2024 | 4 replies
I also contact prior landlords to see feedback as well.
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.