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3 March 2024 | 1 reply
I found the deal, provided and managed the rehab crew What was the outcome?
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3 March 2024 | 1 reply
What's to stop someone from providing an old operating agreement and saying it's current without this?
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4 March 2024 | 31 replies
I got a really good vibe about his professionalism and although he did note that he is more on the expensive side, I think the services he provides and his reputation of being one of the best in the market warrant the premium.LIV Indy was also a great interview, although largely different than Harvey Property Management Group.
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29 February 2024 | 12 replies
Duy-and-hold strategies in tertiary markets like Birmingham just aren't cutting it anymore.Turnkey Providers?
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3 March 2024 | 8 replies
Important to note, I am provided full access to all of the meetings and pre-development functions to grow my knowledge base while I am getting my personal financials in better shape to purchase properties I view as better long term investments.
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3 March 2024 | 8 replies
There are many firms who provide amazing remote service.
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4 March 2024 | 14 replies
I can provide you with insights and advice on how to get started.
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3 March 2024 | 2 replies
In this market, trying to extend them or be provided extra time may be difficult given this strong seller's market.Generally, yes it would be good if you have a "feel" or "inkling" of what it takes to repair/replace stuff.
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3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
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3 March 2024 | 9 replies
For insurance I bet you could still get away with residential STR insurance, but be sure to ask your provider before and if they say get a commercial policy you probably should.