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4 November 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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6 November 2024 | 13 replies
FF is revamping their website (among MANY other changes), especially after the new CEO came on board a year ago.I have noticed that MTR operators utilize the platforms very differently from one another and most do not know how to take advantage or optimize for better performance.
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9 November 2024 | 23 replies
For instance, a property in Windsor Terrace purchased in the year 2000 for $140k is now worth $1.2 Million, conservatively.A more recent purchase, a Brownstone I purchased in 2015 for $900k and renovated for $300k, so all in for $1.2k is worth $2 Million now.Do keep in mind that past performance does not indicate future performance.However, these kinds of numbers are very typical from 1998 to now.When I was teaching, I used to ask my Investor Students, "What is a Bargain?"
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1 November 2024 | 6 replies
I'd keep this property and casually search for a replacement- when something looks interesting you could always consider a 1031.
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7 November 2024 | 15 replies
The owner may not require the tenant association to prove financial ability to perform as a prerequisite to entering into a contract.A tenant association may exercise the right of first refusal in conjunction with a third party or by assigning those rights to any party, whether private or governmental.The timeline for closing is 120 calendar days for rental properties consisting of five or more dwelling units, and 60 calendar days of four or fewer dwelling units.If the tenant association fails to close, the owner may sell to a third-party purchaser.
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31 October 2024 | 18 replies
We always do this over coffee or a casual setting where everyone feels comfortable.
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7 November 2024 | 30 replies
That should attract a savvy renter that performs well because they want to protect their credit or the large deposit.
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1 November 2024 | 19 replies
The buyer put $30,000 down.The $100,000 note is being serviced by a servicing company in Texas.7.25% Interest15 yearsPI $912.86The note is performing.
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4 November 2024 | 12 replies
You’ll reverse engineer top-performing properties and get title & description recommendations, discover rare amenities in your market, & utilize competitor’s reviews to convert more guests.My expertise is in increasing visibility in search engines (and lead generation for law firms, roofing companies, etc) and not the AirBNB/VRBO algorithms.
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3 November 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.