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11 October 2024 | 2 replies
He found it challenging to get comprehensive info on their historical performance and the underlying assets.
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13 October 2024 | 15 replies
if so, how is the performance and occupancy rate?
11 October 2024 | 2 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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11 October 2024 | 2 replies
It’s not just about managing assets, but people too.Market Reputation – Always perform due diligence and assess the firm’s track record through interviews, property visits, and broker consultations.Choosing a firm with these qualities ensures better management and long-term success.
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12 October 2024 | 9 replies
State costs vary, but more or less should be +/- $750-1000 to get obtain your NMLS mortgage license (with courses) and most states permit dual licensing in which brokers can be legally compensated on both sides of a transaction.I'd be very cautious about performing dual capacities in any single transaction for two reasons: 1.
18 October 2024 | 34 replies
Bad things happen more frequently when you buy into the "passive income" idea and don't check in on your properties frequently.Lastly, keep a tight hold on your financials (aka bookkeeping) so you always know the performance of each property.Just my 2 cents.
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14 October 2024 | 9 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!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3120008/small_1726521453-avatar-karens356.jpg?twic=v1/output=image&v=2)
11 October 2024 | 17 replies
When they have a lot to lose, they will perform much better.
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16 October 2024 | 13 replies
Especially considering this performance is over an extended period of time.
15 October 2024 | 69 replies
It's up to the individual accredited investor to perform research and make an informed decision.