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1 April 2024 | 60 replies
That is deal specific.
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28 March 2024 | 10 replies
As a PM, I would be worried if a new owner did not ask me at least some of the following:- Company Specifics: first question should be are they licensed (how many properties do you manage, what type/class of properties do you manage, how many property managers on the team, how many years have they been in operation)- Pricing (what is the cost to manage the property (ies), is there a leasing fee (commission structure), is there an onboarding fee, is there an early termination cost, are there ad-hoc costs for maintenance, tenant screening, or miscellaneous costs - such as to appear in court if you have an eviction)- Service offerings (do you have a maintenance team, do you come equipped with a list of contractors/vendors, do you offer the software and portal access for tenants/owners, etc.)- Financial Services (you (owner) should think about what you want the PM to handle, if it is everything from paying bills to insurance procurement to P&L statements then ask that, if you don't want the PM so heavily involved in financials and just more on the surface level of the operations of the property then that is okay too!
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30 March 2024 | 16 replies
However there are other issues specific to the Al.
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31 March 2024 | 61 replies
For everyone else, and their specific criteria, screen as such.James, I don't think anyone on this forum can change your mind, if you already made it up.For me, the young commercial agent that I work with was a renter when we first met.
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29 March 2024 | 6 replies
I understand there are specific methods like cash out refinancing, HELOCS, and equity loans.
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30 March 2024 | 7 replies
Just remember to Check the Rules, as Nashville has specific regulations for short-term rentals like Airbnb, and it's important to understand them before you commit.
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29 March 2024 | 1 reply
Hello biggerpockets,I am trying to understand all the potential *legal* issues I can run into by trying to split a regular single family home that is zoned as such into essentially a duplex with 2 separate tenants, one living in the house and the other in the basement.
30 March 2024 | 17 replies
These tax credit servicer/admins are more specialized and they are working with specific projects so investors will have little interaction with them.I was a Commissioner of our large PHA here in Springfield, so that's the reason for my background on the topic, being an administrator/commissioner is an appointed position by the local government entity that "sponsors" the PHA, in my case appointed by the Mayor of Springfield.
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28 March 2024 | 10 replies
Until last week.I always thought a legal contract is a legal contract.
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29 March 2024 | 2 replies
Are there specific strategies or platforms for connecting with potential development partners open to joint ventures or revenue-sharing models?