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16 January 2025 | 7 replies
@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?
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8 January 2025 | 7 replies
This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.
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6 January 2025 | 25 replies
In speaking with our insurance agent, we decided not to make an offer.
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20 January 2025 | 22 replies
Since companies have a limited lifespan (10–18 years on average), cities must attract new businesses to maintain job opportunities.Factors Companies Consider:Low Operating Costs: States with lower property taxes and insurance costs.Low Crime Rates: High-crime cities deter businesses and tenants alike.Natural Disaster Risks: Avoid areas prone to disasters, as recovery can take years, impacting your rental income.City Size and InfrastructureFocus on cities with metro populations over 1 million.
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6 January 2025 | 7 replies
It's very cheap and not difficult to maintain bond/license/insurance.
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12 January 2025 | 23 replies
. - Fortunately, our transparent systems allowed the owner to catch it:)- Full transparency - we would have never caught this honest mistake:(An owner also needs to be involved to approve & fund large expenses: maintenance, property tax & insurance payments (if they want to be more hands off), evictions, etc.A great PMC should also have a chat with you annually about your future plans for a property and your portfolio.
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7 February 2025 | 13 replies
“What about medical insurance?”
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9 January 2025 | 116 replies
Second, the insurance is $1.5k which seems to be low as well.
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7 January 2025 | 6 replies
The moral of this story is to have good home owners insurance!
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17 January 2025 | 9 replies
That helps some...but your variable expenses also go up too - property insurance & taxes - so a lot of your rent increases go to offset rising variable expenses.I started at the age of 47 in 2018 and we bought properties fast and furious - 12 the first year, 10 the next, and 9 in 2021 and currently have 38 properties.