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24 April 2018 | 3 replies
Your PM team should be the part of the nucleus of your out of state investing team.
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20 February 2018 | 8 replies
Request the tenants leave, flip to 3 bedroom, and rent to new tenants at $986If I convert from 2 BR to a 3 BR, I've calculated a payback period of 2.3 years... here's the high-level of how I came to that number:Annual Opportunity Cost:3 BR vs 2 BR Rent = $2,790My Time (expect less needy tenants) = $1,183TOTAL OPPT COST= $3,973 <-- This is a favorable numberCost to get unit ready as 3 BRTotal to flip = $7,551 (includes paint, new floors, converting basement to bedroom, etc) 2 Months lost rent = $1,510 TOTAL UPFRONT COSTS $9,061 <-- This is an unfavorable numberPayback Period = $9,061 / $3,973 = 2.3 years (Note if I'm conservative in my nubers, this becomes 3 years)Couple more things to note, they're set up on re-occurring payments and have not missed a payment.
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15 March 2018 | 4 replies
Maybe team up to get something bigger than we can do independently.
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20 February 2018 | 55 replies
Because now you feel like a total jerk when they tell you that they lost their job, or their baby is sick and the hospital bills were a higher priority than rent.
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19 February 2018 | 3 replies
But you have to find the right team members to scale the business.
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18 February 2018 | 0 replies
Even a free seminar from Robert Kiyosaki team is coming in March 2nd.
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20 February 2018 | 2 replies
While I assume multi unit brokerages are more niche and more challenging to get your ‘foot in the door’, perhaps I could assist a broker or team and start that way.2.
19 February 2018 | 5 replies
Many times the listing agent is head of a team of agents, someone of which focus on the buyer side.
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18 February 2018 | 5 replies
I'm trying to expand my network and build a team!.
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22 February 2018 | 8 replies
When I inherited my property i was not in a financial position where I could responsibilities afford to own the property and because I was lost in grief I wasn’t capable at the time to put the energy into learning and working to improve my situation.