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23 February 2024 | 14 replies
If it's 35 or more units consider an on site leasing/maintenance team instead of a traditional property manager.I say the above as a friend who hopes you will give your investment the same attention and respect you paid to earning the money you invest in the first place.
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23 February 2024 | 12 replies
The free rent many low-income tenants got during COVID has only made their attitudes worse:(One thing to discuss with your PMC, how good are the contractors they are sending to work on your Class C and D properties?
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23 February 2024 | 5 replies
Even though it may seem far from your current location, the potential for rental income and long-term appreciation can make it a worthwhile investment.In your case, if you are concerned about managing the property from a distance, consider building a network of reliable professionals in the Corpus Christi area who can assist with property management tasks, such as property maintenance, tenant screening, rent collection, and property inspections.
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24 February 2024 | 11 replies
Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.
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23 February 2024 | 14 replies
I have a portfolio of under 10 properties.In their services performed, my CPA wrote: "Preparation of 2016 federal and state individual income tax returns, including organization and analysis of transactions.
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23 February 2024 | 1 reply
Yes i am a Christian just so you know.Well my goal in real estate us to supplement my retirement income by doing AIRBNBs.
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23 February 2024 | 1 reply
For this I will also receive 10% of future rental income for both properties, WHICH would be a 11% annual ROl for me.
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23 February 2024 | 13 replies
Which they don’t clean so it’s additional income haha.
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21 February 2024 | 2 replies
Then do some research on some high yielding skills that can help you earn more money, either on the side, or eventually as your main thing.
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23 February 2024 | 25 replies
If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.