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17 June 2024 | 16 replies
I am not aware of any hedge funds purchasing, most of the investors are mom and pop and will be using financing so the appraisal will be on the value based on comps, not revenue or future revenue.If your property is above average in condition and amenities and being offered furnished those things could get you a small premium but you will likely not get a buyer paying cash based on a multiple of past/future revenue.Good luck!
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14 June 2024 | 6 replies
You MAY have a couple of options.
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14 June 2024 | 28 replies
If you're offering the same product as everyone else then you're left competing on price.
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13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.
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14 June 2024 | 9 replies
So I am considering two options:(1) HIre a contractor to hand off to finish the project.(2) Sell it as-is.If I go with option #2, obviously it cannot be a normal sale as the property is not habitable in it's current state, so cannot be mortgaged nor insured.
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15 June 2024 | 4 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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15 June 2024 | 6 replies
It's important to carefully consider your options and what will best help you achieve your long-term goals.
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15 June 2024 | 5 replies
They are so sweet, I've made a few offers recently, trying to get back into buying more!
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13 June 2024 | 20 replies
Be ready to pay off the loan, end buyer refi (the reason for a wrap is not always bad credit), sell property, deed back and do a lease purchase option for a while (depending on what state you are in), whatever needed.The banks are not gods - they are just entities that do not care much for their customers due to being too big.Stay safe out there kids PS I am glad your offering this and dont charge for it..
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15 June 2024 | 10 replies
Frinee,I do have the option of paying it off with Roth 401K funds, which would mean 0 tax implications.