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4 June 2024 | 4 replies
verses leasing them from a company that handles the issues when they break down but keeps most of the profit??
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8 June 2024 | 31 replies
We have seen quite a bit of interest in the older resorts, closer to Disney where you can add current theming and create a real gem which will book well.
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8 June 2024 | 22 replies
@Konstantin Boubev The removal cost sounds way out of line, typically well known companies like Brinks will remove the tank for a couple of grand.
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8 June 2024 | 1 reply
I currently have solid relationships with a real estate agent, as well as a quite a few tradesmen in the area.
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8 June 2024 | 6 replies
As well, he goes above and beyond for his client helping them build strategies to grow their real estate business and will even get on calls with your Accounting team so that you have alignment across your Power Team.
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8 June 2024 | 7 replies
I'd view this as a responsibility to the other tenants in my property, and I'd probably, after this event, be willing to allow the other tenant to vacate as well if they asked.
7 June 2024 | 10 replies
Should we bother trying to wrestle with Trendmaker or HVAC company, who has since rebranded, for compensation (all of this did lead to significant health issues which is another story entirely as well) Question #2...
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8 June 2024 | 4 replies
I also contact prior landlords to see feedback as well.
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4 June 2024 | 22 replies
We’re well versed in market and investment analysis so we we insure the assets we invite into are spread out across different geographic locations, different MSA clusters types, and varied asset types & classes.
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8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.