Jason Malabute
operating reserves for my first deal in indy
Hi All,For my first apartment deal how much should I put aside for "operating reserves"?Operating reserves for apartments are insurance, mortgage (principal and interest), and property taxes right?So Biggerpockets sa...
Randy Smith
Betting on the Jockey – Choosing the Right Operator
We’ve all heard the saying, “It’s better to bet on the jockey than to bet on the horse” because a good jockey can make a bad horse run fast, and bad jockey can make a good horse run slow. The same is true when lookin...
Brent Kiger
Virtual Assistants for property management and daily operations
I am preparing to hire a virtual assistant in the next week or two. I have set up my job description and will be conducting interviews shortly.
My question is for anyone that has used VA's for property management/mai...
Nick Wehrley
Should I have Operating Agreement for Solo LLC?
Hey BPI have separate LLCs for my properties. Do I need to have an operating agreement per LLC even though they are solo? How important are operating agreements in a solo LLC?
Tyler Solomon
Least Favorite Parts of Owning/ Operating a STR?
I am certainly one of the bigger proponents of STR's, but I do think it is important to keep in mind that these are assets which require creativity, upkeep, costs, and a whole lot of TLC. With that said, I think it is...
Tom Henderson
Structuring a ESOP Partnership with Operational Contractor/Carpenter
Hello team!Here's a thought on my mind, which I thought I'd throw out to the community here--My former college roommate, who is a talented carpenter/cabinet-maker, moved in a year ago as one of my tenants (in my perso...
Trevor Marvin
First time investor - Confused about order of operations
Hey all,Is it standard to have your LLC open prior to purchasing a property? When I make offers, am I making an offer representing my LLC or is that detail irrelevant as I would just put the LLC down on the purchase a...
Dustin Breon
Bare Land loans/Business Loan for farming operation
Hello, Negotiating on a 75 acre parcel that is part of an active farming operation in Virginia. 45 acres of fenced pasture and 20 acres already in hay production, numerous usable outbuildings but no residence. I am lo...
Paul Stout
Attention MHP Operators: Mobile Home Park Rent Collections
I know this question will bring a vast array of ideas and supporting stories but I want to know what you park owners and operators out there do for collections. If you own or manage a mobile home park and collect ren...
John Jacobus
Willingness to Share Operating Statements Prior to Contract
Looking for experiences and thoughts from multifamily owners and investors:Because property marketing packages can often times be misleading (i.e., understated expenses and vacancy; overstated rental revenue), it seem...