![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2467931/small_1704330856-avatar-brycem104.jpg?twic=v1/output=image&v=2)
22 May 2024 | 2 replies
Books like Fooled by Randomness make it apparent that you see a lot of sucessful people on social media, books, etc; not the graveyard full of dead bodies/failed investors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2997083/small_1713155195-avatar-skylerl20.jpg?twic=v1/output=image&v=2)
22 May 2024 | 19 replies
Regarding if you should DIY manage or hire a PMC:Many new investors read a couple of posts and then think self-managing their rental property, and avoiding PMC charges, is an easy way to boost their ROI.The reality, is that many of these investors really haven’t taken the time to properly understand what it takes to properly manage a rental property and the corresponding tenants.Here’s a list of some of the requirements to properly manage a rental property:Knowledge of all local municipality, state and federal landlord requirementsIntimate knowledge of all Fair Housing statutesUnderstand all federal privacy laws, as they’ll be handling social security numbers and IDsProper business insurance in the event their computer is hacked and or they improperly dispose of tenant data.Where to advertise their rental, other than ZillowWriting ads compliant with Fair Housing statutesCreating a process to accept calls/texts and schedule prospects to show their rentalA rental application and application fees that meet all local and state requirementsKnowing how to screen applicants to avoid professional tenants and the growing amount of fraudulent dataA lease compliant with all local, state & federal lawsUnderstanding local and state requirements regarding security deposit collection and holdingRent acceptance options for tenants and accounting system to track, including late fees, etc.Plans to handle nonpayment of rent issuesKnowledge of their local eviction laws or access to an attorney familiar with evictionsHow to accept, track and respond to tenant maintenance issuesBuilding a list of handymen and contractors for maintenance and turns between tenantsExpertise at evaluating tenant damages to charge against security deposit when tenants move outResearching local utility requirements to avoid suspension of services that could lead to frozen pipes or flooded basements, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2191676/small_1717987185-avatar-mikes1113.jpg?twic=v1/output=image&v=2)
21 May 2024 | 10 replies
There are several contributors who mainly discuss ways to build your business and brand digitally - social media (all platforms), email, youtube, etc.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3018466/small_1715279742-avatar-kristinea22.jpg?twic=v1/output=image&v=2)
21 May 2024 | 6 replies
I suppose in a round about way, putting nurses or other medical professionals in the description does omit groups who live off disability or social security.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2993436/small_1713214267-avatar-toddh284.jpg?twic=v1/output=image&v=2)
21 May 2024 | 1 reply
This trend has fueled demand for rental properties, particularly in urban areas and multifamily developments, prompting investors and developers to focus on rental housing options tailored to Millennial preferences.Desire for Community and Shared Amenities: Millennials value experiences over possessions and seek communities that offer social interaction, connectivity, and shared amenities.
21 May 2024 | 10 replies
Our living expense needs are pretty well handled by Social Security and pensions, so there is no crisis at hand.First unit is a $410k listing with no mortgage.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2781993/small_1688175995-avatar-ramym8.jpg?twic=v1/output=image&v=2)
21 May 2024 | 14 replies
Hey there @Ramy Mosbah - For us as a general contractor here in Chicago the most obvious use case is marketing and social media.We like to use AI as a starting point because it can general content so quickly then we refine it to make it better and better.We also use it to help us build email sequences and stories.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/229239/small_1621434743-avatar-qbguy02.jpg?twic=v1/output=image&v=2)
23 May 2024 | 43 replies
Those who buy subsidized properties are gambling their financial independence upon the good will of the taxpayer who has just about reached the limits of his willingness to support these social programs.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/37034/small_1621370217-avatar-dkonipol.jpg?twic=v1/output=image&v=2)
21 May 2024 | 34 replies
Where most focus on passive income is getting started as you mention with a percentage of your portfolio but really the main goal most look for is to have income when they retire outside of social security that can continue to allow them to retire.For most this is not at 30, 40 or 50 but much later in life.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1119538/small_1694815916-avatar-moein.jpg?twic=v1/output=image&v=2)
20 May 2024 | 17 replies
However, I can definitely share that if you add outdoor games, spruce up your backyard as a social hangout space, add a hot tub and beautify the front of the home, and then get additional, really strong photos, it would help a lot.