Rahma Z.
Buying a house a a rehab - now it's looking more like a Teardown
22 May 2024 | 3 replies
At first walk through when the house was furnished, it looked like an extensive rehab project.
Jeremy Fleming
How to Find Motivated Sellers without Using a Realtor
25 May 2024 | 4 replies
This incentivizes actual delivery and increases the chance of reaching motivated sellers.Design sticky notes with a concise message such as “Want to Sell Your House Fast?
Diego Curbelo
Seeking Recommendations for HOA Management in Miami/Broward Area
25 May 2024 | 1 reply
I'd hire in house management and give a discounted unit. 28 units is too small for anyone to look at it, let alone an hoa company. they typically want at least 4 staff on site.
Adam Eckhoff
Section 8 - What's the catch? (Out-of-State Investing)
27 May 2024 | 19 replies
In our market, the housing authority doesn't play around.
Simone Montague-Jackson
Home warranty...scams or helpful?
22 May 2024 | 6 replies
Hey there, I've been house hacking for a year, which has been great, but I've had a few issues with the house.
Skyler Lehman
Property management Pricing
22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
Kristi Pratt
Next steps advice?
21 May 2024 | 4 replies
If I had to do it all over again, I'd buy a primary residence with 3-5% down, maybe house hack, then buy a new primary every time I've saved up enough for a new down payment leaving the former primary as a rental.There's no telling when interest rates will come down.
Sharon Tzib
Houston Housing Stats March, 2024
22 May 2024 | 1 reply
https://www.har.com/content/department/newsroomHouston Real Estate Highlights in March, 2024:
-Single-family home sales declined 7.5 percent year-over-year;-Days on Market (DOM) for single-family homes went from 62 t...
Mike Zitomer
Anyone have experience working with Simm Capital?
25 May 2024 | 9 replies
They are offering a syndication fund for section 8 housing paying 9% dividends and 60% annual profit sharing of cash flowing properties in the portfolio.