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26 October 2024 | 2 replies
It is also a higher quality contact because you can confirm if you're actually reaching the owner.Mailers take up less of your time (aside from ordering and distributing), cost more, and are more challenging to track.I'd start with calling then add on mailers.Best times may vary but we find that we get the most people on the phone 8am-noon and 3-7pm.
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27 October 2024 | 16 replies
You will want a lot of remote tech and automations.Even with all of this your issues will revolve around Quality Assurance - be cognizant of that and build systems to ensure quality.
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28 October 2024 | 7 replies
A well-maintained property not only attracts quality tenants but also helps preserve its market value.Time Management: Managing a rental property can be time-consuming, especially if you have multiple properties or are working another full-time job.
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26 October 2024 | 1 reply
Values drop, sometimes drastically, rents go down as quality of tenant declines; cost of operstimg properties increase, and governmental interference, especially in the form of rent control, can slash values and profitability severely.
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27 October 2024 | 13 replies
The high cost did not match the quality of the content or the level of support provided.
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28 October 2024 | 7 replies
For someone that's not as conservative, or a different view on the cycle, they might have a different opinion than me on all of this.2) Sponsor quality check: (takes about 45 minutes per deal)I believe that a great sponsor can take an average looking deal and make it great, and that in mediocre sponsor can take a fantastic looking deal and make it bad (especially if there is a severe recession).
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27 October 2024 | 15 replies
@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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25 October 2024 | 5 replies
Ensure that the updates are of high quality yet within budget to maximize the increase in value.When it comes to refinancing, after completing the renovations, you can refinance your home to access the created equity.
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25 October 2024 | 14 replies
Perhaps hire the PM as a second set of eyes for quality control but that should be in addition to the GC you should hire from day one.
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28 October 2024 | 5 replies
My recommendation would be to partner with Realtor for referrals so you can spend your time on what you do best.Either way, with your criteria being so specific, you'll likely end up with quality leads and an additional income source!