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26 February 2024 | 5 replies
The LLC does provide a layer of protection, but there's a lot of discussion all over BP and elsewhere about if that protection is better than just having a good insurance policy in the first place.
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25 February 2024 | 2 replies
I don't know if Zillow provides one, but they should.
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26 February 2024 | 1 reply
It's not about how many deals you close, but how many people you can genuinely help with the services you provide.
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26 February 2024 | 9 replies
If a host desires big appeal and profits, it can take a little more effort than the local resources provide. - Mortgage terms, rates and competitionTypically vacation rental properties are investment properties.
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26 February 2024 | 32 replies
G'Day everyone,Nobody talks much about the S#@% that real estate service providers put with.All we mostly see is the bad reviews from unsatisfied investors talking smack on all of us.So, I’m glad the thread I started a few weeks ago got traction and that many of you agreed.You can read more here - https://www.biggerpockets.com/forums/48/topics/1170821-wtf-i...I'm also happy to share some further light on the disrespect, incompetence and ignorance that we sometimes have to deal with.Here is a recent situation and unfortunately I’ve experienced hundreds like it over the the years.I guess common courtesy and common sense aren't so common nowadays.
25 February 2024 | 8 replies
Thanks for any information anyone can provide.
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25 February 2024 | 13 replies
We provide a professionally cleaned unit when the tenant moves in.
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27 February 2024 | 21 replies
@David Bennett I am guilty of being the ‘nice and forgiving landlord’ in this circumstance and letting the behaviour repeat so I’m taking it as a learning lesson that being kind and cordial is always a good thing - cause I really do love the people aspect of owning rentals and providing people a nice safe home to live in - but don’t appreciate being take advantage of :-)
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26 February 2024 | 0 replies
Meeting with the wife provided insight and a connection to the home's story.
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25 February 2024 | 5 replies
CRM Software with Customization OptionsCRM (Customer Relationship Management) software like Salesforce or Zoho CRM can be customized to track deal details, including financials, though it's not their primary function.Pros:Highly customizable and can be tailored to fit a wide range of data tracking needs.Good for managing relationships with lenders, partners, and tenants.Cons:Requires setup and possibly custom development, which can be costly.May be more complex than necessary for straightforward property management.Recommendation:The best choice depends on your specific needs:If you're comfortable with spreadsheets and have a relatively small portfolio, starting with Excel or Google Sheets might be the most cost-effective and straightforward approach.If financial management is your primary concern and you're willing to invest some time in setup, QuickBooks is a robust option.For a more comprehensive solution tailored to real estate investments, exploring specialized real estate investment software could provide the most benefits.If your operations involve significant relationship management and you need a highly customizable system, a CRM with customization might be the way to go.Before deciding, consider factors like cost, scalability, and the learning curve of new software.