When there is an issue, answering your phone, whether it be a text or call from the guest, is crucial to giving them confidence you will take care of them.

Start with smaller decisions and work up to larger ones to build confidence in your judgment.Remember that while thorough research is important, there comes a point where taking action is crucial for progress.

Selecting an investor-friendly general contractor is crucial to the success of any real estate investment project.

Hey Marcus,Building a great team is crucial when it comes to achieving success in any endeavor, and real estate investment is no exception.

Additionally, cap rates can vary depending on the type of property, location, market conditions, and other factors, so it's crucial to thoroughly analyze each property on its own merits before making investment decisions.That being said, cap rates can be very confusing to most starting out.

Experience is also crucial...how many units have they managed on average, and for how many years?

I remember being a young college student in Orange County where many of us affordably lived in granny flats and guest houses (ADUs) we rented from homeowners.

That's not just the risk of vacancy, that's the risk of not knowing how to find and vet a property (not all distressed props are created equal and its crucial to know what to look for in terms of 'good bones'); it also includes the risk during rehab - if something unexpected comes up or you need to take time away for any reason and work needs to pause, that's additional time that you're paying the mortgage with no income.

This is a crucial step that I missed and as you can tell by my first statement, its punishing me!

Hello, does anybody know where to get reliable data on whether short term rentals are allowed in East Orange, NJ?