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11 April 2024 | 7 replies
Renovations can uncover unexpected issues, so having an extra 10-20% of your estimated budget set aside can help you manage unforeseen costs.Start Small: If it's your first time budgeting for a big renovation, consider tackling the project in phases.
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11 April 2024 | 24 replies
I had the absolute worst PM ever, so now I am managing on my own.
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10 April 2024 | 5 replies
Listed Rent would be between 3500-4200 per month depending on a local property management company strategy.We have assessed our budget and goals while in Europe and would not want to maintain a mortgage in USA (vacant) AND a rental payment in EU.further details: we are 3 years into the loan at 2.625% int, primary and only residence owned, house will need 2 new AC in next 2 years, water heater, and driveway repairs, would only rent with a property management company as we will NOT want to manage from abroad.
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10 April 2024 | 5 replies
Buildium will be your best bet if you manage under 50 units.
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11 April 2024 | 6 replies
Frustratingly enough, tenants are not necessarily required to give notice in the same way as landlords in the suburbs where we manage.
10 April 2024 | 13 replies
When I used to self manage my properties I used MySmartMove and felt it was a very good screening process - it checks all the main things you need to check (criminal history, bankruptcy/foreclosure history, credit, etc).
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10 April 2024 | 4 replies
TC is not just about knowing what to do and the forms and the management of a transaction, but how each brokerage wants it done.
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10 April 2024 | 7 replies
You are asking for more management fees (or more personal landlording) by adding another.
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10 April 2024 | 3 replies
Investors might require a business banking account with high transaction limits to facilitate buying, selling, and managing properties without running into daily or monthly caps.2.
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11 April 2024 | 9 replies
Asked and answered.By the way, pro tip: “Umbrella insurance protects you better than an LLC”, in my opinion and is easier to manage.