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Results (10,000+)
Account Closed Prospective tenants aren't returning applications
25 April 2010 | 18 replies
For people with established investments, obviously there is no desire to mix personal with business.
Karen Williams They are trying to take my home!
27 April 2010 | 48 replies
Other times people try to apply knowledge that is completely wrong or is partially correct giving them mixed or unsuccessful results.So every time people should research to see if they have the right info and then implement what they learn.
Brad W Does this sound right?
25 April 2010 | 7 replies
It was brokered by a different listing agent and that agent said there were already 15 offers well above the asking price and offered to throw mine into the mix.
Scott R. Replacing Knob and Tube Wiring..
13 June 2010 | 11 replies
The inspectors out here want to see GFCI breakers on the panel for the bedrooms and they don't want them mixed with lighting.
Michael G. How to manage the Property Manager
19 July 2014 | 52 replies
The level of management needed will depend on the age of the property and what type of repairs have been completed along the way.If you buy a property with deferred maintenance getting it turned around the first 6 months will take a ton of time.A manager should be compensated for the extra work in that case.A 10% fee simply will not cover or make worthwhile all the work involved.There will be eviction,court dates,trash outs,re-conditioning,advertising,tenant apps with criminal and credit check,ongoing repairs with tenants that are staying,etc.For all of you that want to manage other people's properties you need to check with your state's real estate commission.In many states including mine you will have to hold a license with a brokerage or be a broker.Some exceptions is if you are an employee of the company etc.I think often times investors have a high expectancy of PM work.Simply it's like owning a restaurant and having an 8 hr worker.To expect that worker to be just as excited and diligent about the business when they get nothing but a small check is a pipe dream.If I pay 100 for a steak then I demand service.If I go through the drive in at Taco Bell I expect the food to be correct and nothing else.Managing 100 properties yourself without help is the exception and not the rule.This is based on my experience dealing with apartment owners.One had about 210 units over 10 buildings all within a few miles of each other.Vintage stock and unit mix was all different ages.They ran it themselves BUT had a full time leasing manager,bookkeeper,and about 3 maintenance guys.There is no way without the help they could run them selves.I have seen basically one person locally could handle up to about a 20 to 30 unit by themselves.After that it becomes really difficult.Many investors buying in this range are not purchasing a new building.These are older buildings that need constant upkeep and have problems.Typically the mechanicals,plumbing,electrical all start failing at different intervals.I have a 20 unit and have a live in PM.It lets me focus on my real estate deals and I check in with them every 2 days or so to see how things are going.I don't want to do 10 hr work when I can make hundreds per hour selling real estate for my clients.If you want to invest out of state you could do triple net leases for mail box money.The CAP is about 7 to 8% where I am at right now.If you want higher returns then usually you have to take on more problems and risk.
Account Closed We often talk about due diligence but what does it mean to you
19 May 2010 | 19 replies
What is the area demographics, what are surrounding homes selling for, what is the mix of owner occupied to rentals, what is the vacancy rate in the area, what are the typical rental rates for similar homes, what is the job market like, proximity to schools and other consumer resources.
Adrian G. Do secure credit cards improve credit that much??
7 August 2010 | 22 replies
Credit scores jump significantly run you are under 50% on both ratios, jumps again at 30% and really jumps when you hit <10%.3) to improve utilization either decrease balances or increase credit limits. call companies and ask for credit limit increase.4) don't have lots of inquiries. don't go hog wild and apply for many credit cards. inquiries last on your report for 2 years. too many and you get hit negatively.5) crazy as this sounds an installment loan will improve your credit score while you are paying on it but when balance reaches $0 you credit score will drop. you no longer have that mix of credit in your calculation which is why it drops.6) mortgages will improve your score. the calculation assumes anyone with paying mortgage gets bonus points so you score is greater than someone with everything else equal.7) let your credit file age.
Eddie Ziv You think you don't live under HOA... Well, think again.
27 May 2010 | 12 replies
These have small lots, and many are very mixed with big, nice (and old) houses next to a very plain little brick ranch.
Owen Dashner Derivatives Explained
8 April 2009 | 0 replies
In order to increase sales, she decides to allow her loyal customers - most of whom are unemployed alcoholics - to drink now but pay later.
Travis Elliott 50 % RULE DEFUNCT IN SOUTH DAKOTA...
30 November 2009 | 61 replies
Well if it's me then I'M BUYING DRINKS ALL AROUND.