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17 April 2024 | 1 reply
Tonight is the night, after months of work with the state, county, and city we are presenting a site plan for the city's approval and zone change.Normally, I would not pursue a zone change but when I originally went to the city and proposed storage units based on its current zoning they said they wanted more houses.
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17 April 2024 | 2 replies
We are looking to have off street parking available at all of our units but a couple of them will require adding a parking pad and will be a significant expense, so I was curious to see how important that will be to guests.
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18 April 2024 | 2 replies
If its not clear then you should expect challenges continuing to absorb the unit during the course of ownership.4.
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17 April 2024 | 17 replies
About two thirds of the way through the lease I accompanied a repairman into the unit.
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17 April 2024 | 1 reply
Investment Info:Small multi-family (2-4 units) buy & hold investment.
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17 April 2024 | 2 replies
Team I have a few condos and do have insurance the units are managed by a Property Management Company.
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17 April 2024 | 1 reply
I would consider a duplex so that he can learn how to manage tenants in the other unit.
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17 April 2024 | 39 replies
Valuation for Property Management 3X to 5X Seller Discretionary Earnings or 1X to 1.5X Annual Revenue, depending on how well established the brand and reputation is in the market, market share, number of units, scalability, etc...Transaction Structure, never buy a Property Management business for cash, you must include an earn-out structure or provision to protect the purchase against clients/property owners leaving post-transaction.
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14 April 2024 | 5 replies
Hello everyone! I have a close Friend in Florida, who needs to have a Reverse Mortgage released. His elderly parents, had one done a few years ago, without his knowledge. They now require 24 hr care and he is trying t...