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26 June 2024 | 10 replies
@Mike Liu there's always a tradeoff between risk & reward.If you want higher cashflow, you'll need to get into riskier investments.STRs are riskier than LTR due to: saturation, changing local government regulations, more intense time required, etc..Regarding LTR higher cashflow:If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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26 June 2024 | 5 replies
This could expand my purchasing power immensely.
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27 June 2024 | 26 replies
AND, why it's called INVESTING and NOT Pay-Check-Purchasing.
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24 June 2024 | 26 replies
But Yardi won't teach individuals how to use the software unless they work for a company that purchased Yardi.
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24 June 2024 | 5 replies
I know especially here in Florida and the transient taxes on top of the others, we hired a professional to help us with our clients paperwork.
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26 June 2024 | 10 replies
Activity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDate
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23 June 2024 | 38 replies
An Alabama client of mine had this experience, but I think it is relevant nationwide.
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26 June 2024 | 6 replies
Purchase price: $19,000 Sale price: $20,000Got a lot under contract for $19k in Port Charlotte, FL.
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26 June 2024 | 21 replies
The properties have been appreciating since I started purchasing them in 2017
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26 June 2024 | 10 replies
My wife and I work together to purchase and manage our rental portfolio.