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22 May 2024 | 3 replies
@Shelli Schilke average PMC management fees are 8-10% for LTR.Higher for MTR & STR due to greater time investment tied to turnovers.Room-by-Room is also higher due to higher management involvement.
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23 May 2024 | 1 reply
If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.
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24 May 2024 | 6 replies
You have to get the person face to face.Creative deals are negotiated.
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22 May 2024 | 2 replies
This process typically involves assessing factors such as credit history, rental payment history, income verification, and background checks.
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24 May 2024 | 6 replies
It all depends, this is why I always review potential client's books what is the best course of action.I personally do not like QBO for real estate (I make it clear in all my posts lol) I just renewed my certification just because most people can't afford the PM software with accounting such as AppFolio and Yardi.
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21 May 2024 | 11 replies
If not - fly there and meet a bunch of PMs in person.
23 May 2024 | 14 replies
Quote from @Russell Brazil: In the future, do a court records search at https://casesearch.courts.state.md.us/casesearch/If you had done that, you would have seen they have 8 failure to pay rent cases against them.I am curious Who did the initial check on this person?
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23 May 2024 | 1 reply
If you get a bad tenant, the rest of your tenants have to live with this person until you can successfully evict them.
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21 May 2024 | 20 replies
My husband is much more involved in the day to day operations of the business.
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21 May 2024 | 8 replies
Given the potential for high returns, customizable involvement levels, and significant tax benefits, I believe this is a great investment opportunity, particularly in markets experiencing rapid growth.I've been keeping an eye on developments in Georgia, where builders are struggling to meet the surging demand driven by population increases in certain areas.