Nathan Becker
Putting property in LLC
4 June 2024 | 9 replies
And you need to make sure they are CORRECTLY insured as well.
Aaron S.
Is it worth suing our builder?
5 June 2024 | 20 replies
He has been difficult to deal with in the past so I was presuming it would be pointless. well ask first..
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.
Christopher Rodriguez
New to the business
4 June 2024 | 10 replies
If that's the case, is that a well-known and credited channel to use for that education?
Jeffrey Yarusso
Rental Property start up questions
4 June 2024 | 5 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
Alex Granados
New Member Looking to Network
7 June 2024 | 3 replies
Depending on what you are wanting long term the househack is a great option as well and depending on your situation you might be able to also keep your house in Salem and buy up here.
Mark Albini
Building low cost, section 8 shipping container homes
7 June 2024 | 13 replies
The labor cost there is low so the whole unit cost is relatively low as well.
Account Closed
What is a realistic cap rate/CoC for off market deals?
8 June 2024 | 11 replies
Maybe local investors as well who want real estate safety vs stock market or commodity risk.
AJ Exner
New Member - Post BPCon (Best way to get started on here)
7 June 2024 | 8 replies
I actually host the local sw mo pints and properties meetup and you can bump elbows with local investors that are new and trying to grow their base as well.
Trent Reeve
LVP flooring and "black feet". suggestions on how to clean??
7 June 2024 | 10 replies
there seem to be a lotSo we have this one - https://www.amazon.com/Shark-Steam-Mop-White-Seafoam/dp/B076...Works pretty well.