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2 January 2022 | 4 replies
@Olivia GulledgeIMO 5 years is not a short period.You can buy a property there and continue to rent it out after you leave.You may need to hire a property manager after you leave.
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1 November 2021 | 9 replies
For scale its best to build out your team instead of just doing the work yourself (i.e hire a GC instead of being one yourself).
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1 November 2021 | 1 reply
I'd like to avoid hiring a property manager (I've heard uniformly bad things about them, not to mention the cost), and things are pretty stable (solid properties with great tennants).
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9 November 2021 | 11 replies
If you don't like the property manager think about hiring another company.
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4 November 2021 | 2 replies
Professional management is optional and has a fixed cost/percentage.Self management is "free" - it has a cost but less tangible than hired management.If someone is trying to do multifamily BRRRR math do you include management cost in your NOI?
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2 November 2021 | 15 replies
You probably need to hire an attorney.Call the company and explain you are the owner.
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4 November 2022 | 41 replies
The temptation to pass on bogus costs and skim is great and limited partner most always has bad results.Such as: cash calls, lawsuits, errors, hiring family and they are vastly overpaid, tax audits to name a few.
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2 November 2021 | 8 replies
Everything goes through ten layers of companies hiring companies hiring companies.
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2 November 2021 | 17 replies
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.
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2 November 2021 | 1 reply
My mind frame now has evolved from two years ago, and I now see the extra income as enabling greater security reserves, providing the ability to hire repair folks instead of DIY which saves personal time, and to improve the property more beyond the minimal.