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Hey all, starting a short-term rental management company here in Florida and haven't been able to find any concrete information around if a license is needed to manage specifically short-term and/or vacation rentals i...
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Just found out my best friend is sitting on a 5/4 SF home. Its newly renovated and sits on 9 acres. They have been paying the mortgage for two years and aren't making anything on the property. What a waste! (To the...
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Hello! I’m an experienced property manager/licensed real estate agent trying to develop a proposal for my management fees for starting an STR branch for a big name agency. I’m bringing a portfolio of STR clients with ...
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Hello! In your opinion what makes a property manager phenomenal? Specifically what would the perfect property manager look like for you? Because most management companies I deal with aren’t great.
Let’s face it—property management fees aren’t cheap. While you may need to hire a property manager if you’re investing out of state or are unable to self-manage your property, these costs can quickly eat into your pro...
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I’m new to investing and I’ve been hearing cash flow is tax free. I can run the numbers for NOI-depreciation and this holds true, but not all of the operating expenses are deductible (or at least maintenance, vacancy ...
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To all the intelligent investors here, what are some of the worst mistakes you made and what would be your recommendations for a new multi-family investor to avoid those mistakes.
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Hello BP Fam,I have one condo rental and am wondering if it is worth getting a bookkeeping software like Quickbooks? Since it is only the one property for now is this needed? Also if bookkeeping software is "needed" a...
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I live in San Diego, it is expensive to invest in real estate here. I have friends that have cash, and would love to do what I do but don't want to do it themselves. (I have rentals in my hometown and surrounding ar...