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29 January 2025 | 2 replies
In our experience, the #1 mistake landlords make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.
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30 January 2025 | 4 replies
I called my local insurance company, as well as two major companies and was told "good luck."
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15 January 2025 | 11 replies
They must be very low odds because insurance companies are in the business of making money, not paying out maximums.
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25 January 2025 | 155 replies
We learn to build relationships with people and companies.
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17 February 2025 | 9 replies
You might check with your Self-Directed IRA Trust Company/Custodian, they might have a brokerage connection capability where you can setup a brokerage account tied to your IRA, then you can with that brokerage to invest in various public market investments, in some cases stocks, mutual funds, ETF's, treasuries, and CD's.
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11 January 2025 | 7 replies
Be sure to follow all formalities, such as sending via certified mail if required.Transfer Rent Payments: Notify tenants in writing that rent payments should be made to the new property management company moving forward.
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7 February 2025 | 12 replies
My company is actively scaling in the multifamily space, and partnerships are at the core of what we do.
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7 February 2025 | 17 replies
This seems strange since PPMG (my property management company) is vetting these renters.
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30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
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5 February 2025 | 35 replies
Plus, you get amazing appreciation potential due to how much population growth, job growth, and companies moving and developing here.