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10 June 2024 | 11 replies
Buying my first rental house and going through the entire process of renting it out was the single most impactful step to propel forward into this journey.
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9 June 2024 | 8 replies
"for $___/year, we provide "x" additional inspections")6) Liability policy that covers tenant intentional damage, criminal acts, and unpaid rent when skipped or evicted (through insurance provider that provides this kind of coverage)7) Financial reports per quarter (as whatever period makes sense to you) (this can allow you to advise the owner on the health of their portfolio)8) End-of-year review of the property to show conditions and suggested needed and preventative maintenance items 9) Preferred vendor discounts (requires a contract with a vendor to give better pricing)10) Eviction protection programs (this is usually done "in house" when you have sufficient number of units under your management to be able to offer this kind of program)11) Legal services (requires agreement with landlord attorney to provide those services at set fees)12) Professional photos option (for enhanced listing)13) Professional, licensed home inspection (this is more relevant for older homes to ensure safety and habitability are addressed) 14) HVAC filter replacement program (this can also be a program offered to tenants)15) Pet and ESA screening through pet screening vendor (helps to streamline and increase quality of screening)16) Client portal account for ease of communication, updates, reports, etc.
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9 June 2024 | 50 replies
We have one lake house and we have a CPA.
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10 June 2024 | 5 replies
My office and my house are just north of Reeb-Hosack2 - I do not have the data to support this but based on what some of the long term tenants in the area are at with their rents, I would say they have increased a lot3 - I would say so https://www.zillow.com/home-values/76576/columbus-oh-43207/4 - There is crime in the area but no more than any other city
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6 June 2024 | 4 replies
I am new to real estate investing and BRRRR.I don't have much capital so I am wondering if it's still possible for a BRRRR strategy to work if I am doing a 20% downpayment on a house and have some cash left for renos?
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9 June 2024 | 10 replies
I’ve been reading the BP book on Flipping Houses by J Scott as a guide.
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10 June 2024 | 13 replies
Here's why:Detroit, MI housing marketIn April 2024, the median listing home price in Detroit, MI was $89.9K, trending up 13.8% year-over-year.
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10 June 2024 | 30 replies
You can house hack too while doing this too to really speed up how fast you can scale.Finally, I'd caution you against dipping into the C class neighborhoods.
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9 June 2024 | 36 replies
2) It takes forever to find houses.
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9 June 2024 | 1 reply
I used my FHA loan and I am currently house hacking it.