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20 January 2025 | 11 replies
If the partner moves out of state next year they are still a 10% owner, but you simply hire another property manager for that same 8-10%.
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14 January 2025 | 17 replies
Call the mechanic or gas station up the street and ask the owners if they know someone.
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11 January 2025 | 7 replies
@Venka Pulla Many smaller PMCs are unprofessional, they can also be vindictive.So, suggest you get all the info you can from your Owner Portal before terminating them.Also, hire a new PMC BEFORE terminating the current PMC.Then, terminate and work closely with the new PMC to get tenant payments switched over and whatever documentation is missing.Hopefully, you'll screen for a new PMC better than you did to pick the current one!
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10 January 2025 | 5 replies
Some companies allow property owners to select tenants and set the screening criteria...We do not - our criteria does not bend.
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29 January 2025 | 23 replies
I bet that essentially no one is starting new construction projects, which bodes extremely well for owners 2-4 years from now.- Prices for insurance policies will never go back down, but it is not unreasonable to expect costs to rise at a more predictable pace from here.
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18 January 2025 | 17 replies
It can depend on the property, but owner paying the bills seems rare these days.
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16 January 2025 | 13 replies
In 1997, I don't fully understand why, the City of Denver paid the golf course owners $2mil to rezone this parcel as a "conservation easement" this was extremely restrictive zoning and meant it would essentially be destined to be a golf course for eternity 3.
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15 January 2025 | 15 replies
If you are able to manage it yourself, I think you will get a lot of very helpful education in real estate by spending a least a year or two doing that.You'll be able to work with property managers a lot better if you've done the work yourself for a bit, and it also helps to get familiar with the various laws and regulations you have to comply with as the owner, even if you do have a property manager in place (e.g., the new RI rental registry and associated lead paint inspections/certificates).It's up to you whether you're able to do it, but I think you'll get a lot out of the experience if you can try it for a year or two.
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22 January 2025 | 31 replies
Or tenants know they are the owner and take advantage of that.
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21 February 2025 | 245 replies
Unless you believe the owners knew in advance that this model would not work and were doing this to just feather their nest and move on ?