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I'm looking into a 4-plex that has a coin laundry room. I was analyzing the deal, and I was wondering how to estimate how much monthly income would a laundry room bring in for a 4-unit multifamily property. How do you...
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Hey all,Just have a question in regards to property management. I'm currently looking to invest in university housing, so I understand that these property management companies can charge a premium. That being said, I ...
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My initial meeting with my agent, my partner and I told our agent we want properties that have profit potentials of 30k-40k. This is due to the research i've done on mls/comps/dom etc where I derived at 30k-40k margin...
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So, I narrowed down all of the property management software options from both the BP software list (thanks BP!) and a long CCIM forum list to my final two choices: Buildium and Rent Manager.
I manage an LLC ...
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Hi, BP family
I was recently thinking about a good measure on whether it is worthwhile to convert LTR to STR. I asked around and got different answers. Some say that your STR gross income needs to be at least twice a...
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Ok, im so tired of scouring the internet reading articles and so much conflicting or off in the weeds information.
Im looking at alot of foreclosures and REOs, i know you must perform a title search for leins and en...
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Hello everybody! I didn't really see a more applicable forum, so am posting this here. If I missed a better one mods feel free to move it or let me know.
Short Version (Because I can get wordy!):
Any suggestions o...
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Hey everyone! I'm new to BP and wanted to get opinions from other landlords or PM's that have dealt with this type of situation. I have a tenant who signed a 2 year lease in March 2019. They just informed me that they...
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Purchased a property the first of the year that has a parking area in the back. Previous owner did not allow parking and neither am I due to the use of the three car garage and needed parking for my utility vehicles....
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Guys,
I had to be honest with why my business isn't able to make offers and the primary reason is that it takes me a long time to do comps maybe 15 mins on average if an easy home, 30 mins if unconventional. I do sal...