Vernon Huffman
If you had $300k liquid how would you start RIGHT NOW?
8 March 2024 | 53 replies
Hey mate,I'd advise against $50,000 houses unless you are full time on the ground.Turnkey houses for $50,000 tend to be in rougher parts.C or D class.High crime, lot's of volatility, boarded up homes, no upside from an appreciation standpoint, cars with no wheels lol and PM collects rents with a bullet proof vest and shot gun.Works well for some and the hustle is real.
Jonathan Weinberger
Update after spending $800k and Firing Own It Detroit! (I hired LogicalPM)
7 March 2024 | 5 replies
We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.
James Carlson
Hot take: Personal booking websites for your STR are overrated
7 March 2024 | 82 replies
Quote from @Bruce Woodruff: It's not just about saving money IMHO...it's also about getting out from under their (Air and VRBO) control, regulations, cumbersome and guest friendly customer service et al...
Kim Hall
Journal entries for Mortgage Note Partials
7 March 2024 | 3 replies
Who is responsible for the servicing costs and other costs.
Aaron Sallade
House fire recommendations
7 March 2024 | 10 replies
Any recommendations / advise on pursuing a full scrape vs. mitigating damages after a house fire?
Anthony Theokary
I own a gutted house and I want to GC the rehab myself
7 March 2024 | 27 replies
Not sure if this is the correct Building Department, but it does say you can pull as a homeowner: https://www.phila.gov/services/permits-violations-licenses/a...
Esi Okpetu
Rookie mistake: How do I fix it?
7 March 2024 | 6 replies
I want to serve them an eviction notice but I don’t have the full name of the tenant.
Angelo Cortez
Joshua Tree STR Hosts/PM
7 March 2024 | 11 replies
The truth of the matter is I have already 3 STR’s in Sacramento already and two full time jobs...
Isaiah Cuellar
Questions to ask agents
7 March 2024 | 7 replies
Full time vs. part time doesn't scare me as much.
David Yee
Are Certified Financial Planners (CFP) helpful?
7 March 2024 | 2 replies
Most professionals will at least talk to you and if they are good will tell you if their services are right for you.