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Small thing but it changed how I think about my own time. Tenant of three years moved out of a two bedroom. Unit was okay, normal wear, but the oven and the bathroom needed real w…
My aunt's estate has a house going to sale and I'm the one handling the paperwork, so the cleanout invoice landed on me. It's $7,900 for a 1,600 square foot ranch with a basement.…
The figure I've seen quoted for tenant turnover is about $1,750 on average, cleaning included. I'm trying to break that into lines I can put in a model rather than carry as one lu…
I manage 60 something doors for about 20 owners. One of the owners also wholesales, and last week he asked if I'd forward his contracts to my other owners when he gets one under c…
This is the first thing I've ever sold and I don't know what staging actually is beyond furniture appearing in photos. The property is a 1970s three bed ranch, about 1,450 square…
Flat $4,200 per buildout. I did 14 of them last year. I finally tracked hours honestly on the last five and the average was 31, not the 20 I priced against, which puts me around $…
I pull maybe 40 new seller leads a month across three rural counties, mostly from mailers and one skip-traced list. Two consultants have quoted me 4,500 and 6,000 to build out a p…
I'm closing a small deal with 11 investors, mostly people who know me. Somebody who does IR work for two sponsors offered to take over quarterly updates for a monthly fee, and I c…
Portfolio of five, four single family and one duplex, roughly $1.7m of value and $890k of debt across three lenders. I wanted them out of my personal name before I got licensed an…
18 acres, under contract with a due diligence extension I paid $8,000 for. Asked for a rezone to allow attached product at roughly 6 units an acre. Denied 4 to 3 after a hearing w…
I came from the trades and I've been circling the investing side for a while. The thing that actually changed my year was going after property managers as customers instead of hom…
Hired one part timer in October to do the phone half while I do the sourcing half. Posting the numbers because everyone tells you to hire and nobody tells you what the middle thre…
Wanted the fee structure settled before I had any leverage, so I built something a bit odd and it held up for two quarters. Structure: 175 per accepted lead, client has 5 business…
I've been pricing out what marketing costs on the first deal and the aerial line is the one I can't settle. Two paths in front of me. Path one, I get certified. The knowledge test…
Looking at low price point houses in a county where there's essentially one title and abstract office. Everybody uses them because there is nobody else. Their fee sheet came back…
I've been driving a couple of older neighborhoods on weekends and writing down houses that look neglected. Peeling paint, tarps on roofs, mail piled up. About 90 addresses so far.…
I've been sitting in on scope walks with two different crews this spring and they price materials risk in opposite directions, which makes it hard for me to tell what normal even…
I'm finishing up licensing and I've got two possible directions in front of me, and people I trust are split down the middle. Option one is joining a small advisory shop. Three pe…
I've been sitting in on vendor demos for the new UAD format, the one in broad production since January with mandatory use coming November 2 this year, and I can't work out which d…
I'd been billing turnovers at $38 an hour for a property manager with about 90 doors. She liked me fine but I was one of four cleaners she used, and I was getting maybe 3 units a…