25 February 2024 | 7 replies
All jokes aside, a good rule of thumb is that investor type hours do not count more so hours that are critical to daily operations.
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25 February 2024 | 5 replies
CRM Software with Customization OptionsCRM (Customer Relationship Management) software like Salesforce or Zoho CRM can be customized to track deal details, including financials, though it's not their primary function.Pros:Highly customizable and can be tailored to fit a wide range of data tracking needs.Good for managing relationships with lenders, partners, and tenants.Cons:Requires setup and possibly custom development, which can be costly.May be more complex than necessary for straightforward property management.Recommendation:The best choice depends on your specific needs:If you're comfortable with spreadsheets and have a relatively small portfolio, starting with Excel or Google Sheets might be the most cost-effective and straightforward approach.If financial management is your primary concern and you're willing to invest some time in setup, QuickBooks is a robust option.For a more comprehensive solution tailored to real estate investments, exploring specialized real estate investment software could provide the most benefits.If your operations involve significant relationship management and you need a highly customizable system, a CRM with customization might be the way to go.Before deciding, consider factors like cost, scalability, and the learning curve of new software.
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26 February 2024 | 12 replies
I've seen scenarios where people buy "off-market" deals and offer a crazy upside, but in reality that deal was worse than one that sold on the market, and the comp they used on the upside was a seller finance deal that sat on the market for 280+ days...my job is never to convince anyone, but I always give them an opportunity, even if they want to go another route, to send me those deals so i can analyze them for them.
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26 February 2024 | 3 replies
Helps when you want to keep your crew at the job and you can't fit drywall in your car/truck.
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25 February 2024 | 3 replies
I’m a handyman and I work with a few rental properties and do some projects that range to the small stuff like hanging doors, repair trim and drywall to new flooring installs, painting, appliance repair, yard work and repairing your usual leaky faucet..The issue I’m having currently is I have just gotten into contact a couple days ago about a flooring job.
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25 February 2024 | 28 replies
It also takes away the risk of forcing you to pay it back if one of your loses your job.
25 February 2024 | 10 replies
I'm 17 years old, I've graduated high school and currently doing an accelerated college degree. in the meantime I'm working a full time job/ a few side Hustles and a budding business.
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26 February 2024 | 20 replies
Also, in your response to @Rahma Zaghari, do you mean that a landlord needs to mentally detach from the house/property and treat it as a job rather than be emotionally attached to it?
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25 February 2024 | 13 replies
If it requires anything barely beyond a broom sweep and light dust we have cleaners come back in and finish the job at the tenant's cost.
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24 February 2024 | 5 replies
A huge motivator for why I chose this profession was the opportunity to get some traction with real estate while I work my W2 job.