![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/978541/small_1697933119-avatar-davids837.jpg?twic=v1/output=image&v=2)
25 July 2024 | 0 replies
Third, I fell i love with the house when i first saw it and thought the end buyer was gonna fall in love just I had done. 4th and final lesson, be in tune with the area that you're buying!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/978541/small_1697933119-avatar-davids837.jpg?twic=v1/output=image&v=2)
25 July 2024 | 0 replies
Third, I fell i love with the house when i first saw it and thought the end buyer was gonna fall in love just I had done. 4th and final lesson, be in tune with the area that you're buying!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3030445/small_1716448976-avatar-sonias75.jpg?twic=v1/output=image&v=2)
22 July 2024 | 9 replies
Some lenders are okay with Foreign National STRs but the rates and terms may not be as attractive.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/756535/small_1695826906-avatar-francescac.jpg?twic=v1/output=image&v=2)
22 July 2024 | 8 replies
Opt for landlord-specific coverage: Ensure you have a policy specifically designed for landlords, which may offer better rates and coverage tailored to your needs.3.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1317930/small_1621511280-avatar-anthonyv121.jpg?twic=v1/output=image&v=2)
22 July 2024 | 17 replies
Once you start changing the rules because you get good or bad vibes from a potential tenant, you can get yourself in serious hot water and end up in court for a fair housing violation.
21 July 2024 | 15 replies
Most of the housing is comprised of class A residential so the rent to value ratios are not going to be great.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2686494/small_1682631798-avatar-roberto264.jpg?twic=v1/output=image&v=2)
22 July 2024 | 4 replies
I found a duplex that currently cash flows very well even with today's rates.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2804167/small_1690694745-avatar-mckeanf.jpg?twic=v1/output=image&v=2)
24 July 2024 | 6 replies
Here's a list of tasks where ChatGPT can be particularly beneficial:Initial Client Interactions: Use ChatGPT as the first point of contact on websites to answer basic client queries and gather preliminary information.Property Information: Automate responses to common questions about property listings, such as square footage, amenities, and nearby attractions.Appointment Scheduling: ChatGPT can help schedule property viewings or meetings based on the broker's availability.Market Updates: ChatGPT can be programmed to provide recent market statistics, price trends, or news to clients on demand.FAQs: Handle frequently asked questions about the property buying/selling process, brokerage fees, or other standard real estate queries.Document Explanation: Brief explanations of common real estate documents, terms, and jargons, ensuring clients have preliminary understanding before detailed discussions.Lead Qualification: By asking potential clients a series of questions, ChatGPT can help in initial lead qualification, filtering out those who aren't serious or ready to move forward.Feedback Collection: After a property tour or meeting, ChatGPT can gather feedback, which helps in improving services or adjusting property prices.Recommendations: Based on client preferences, ChatGPT can suggest properties from the broker's listings.Follow-ups: Automated reminders or check-ins with potential clients to maintain engagement.Education: Offer brief tutorials or explanations about real estate concepts, market trends, or investment advice.Localization: Provide information about neighborhoods, schools, and local amenities to clients interested in specific areas.Transaction Updates: Keep clients informed about the status of their property transaction, from initial offer to closing.Referrals: Encourage satisfied clients to refer friends and family by sending automated referral requests or reminders.Networking: Introduce and maintain relationships with other brokers, agents, or relevant professionals in an automated yet personable manner.Maintenance Reminders: For brokers also involved in property management, ChatGPT can remind tenants of maintenance schedules or gather feedback post-maintenance.Reviews & Testimonials: Automate the process of collecting reviews and testimonials from satisfied clients for promotional use.Mortgage & Financing Info: Provide preliminary information on mortgage rates, lending institutions, or financing options available.Training: New agents in the brokerage can use ChatGPT for training purposes, asking questions about company policies, sales techniques, or market nuances.Market Analysis Reports: While detailed analysis might require specialized tools, ChatGPT can give general market outlooks based on data provided to it.By leveraging ChatGPT in these areas, brokers can increase efficiency, enhance client engagement, and free up time to focus on relationship-building and closing deals.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3077431/small_1721400553-avatar-shelbys75.jpg?twic=v1/output=image&v=2)
23 July 2024 | 16 replies
You really need to have a great property or be able to stand out in some way to be successful with STR at today's prices/rates.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2520879/small_1694983108-avatar-johnnyh88.jpg?twic=v1/output=image&v=2)
24 July 2024 | 17 replies
I am looking to find an apartment/house that I can self-manage around the area but I am running into the permitting issue.