All Forum Posts by: Peter Tverdov

Death

Taxes

DIY Landlords on BP complaining about the costs of property management 

Ricky isn't for me. Is he still touting NTFs and how he's pivoting into that? His message is call until you're blue in the face and religiously follow up, there I saved you hours of videos. Mike Sherrod I just found and like a lot. Tom Ferry is the best IMO. 

Just be careful, a lot of BS artists on social media. 

Mods can delete this if it's not appropriate but we have a property management company that covers central NJ. Feel free to DM me.

This went into effect 2 years ago in July. if you waited until now you might have a problem, most inspectors are slammed with people who procrastinated on this. We had about 200+ done in the last year for the properties we manage. 

 Exactly the type I was talking about. They want to be your puppet master. It makes me shake my head each time. 

I have felt that way for about 5 years on here OP. This place fell off a cliff in 2019 and never recovered. Most of the people who DM me are tire kickers sadly. 

Almost every agent who has tried to recruit me is exp or real. It gets annoying. I get the attraction for some. I have interviewed several solo agents who work at exp/real and that is where I think they fall short. Virtual world is great but at the end of the day a lot of people still like human interaction, the ability to meet in person with their broker or other agents in the office. 

They are good for teams. They basically incentivize the team leader to act like a broker without the overhead of one and they give them lots of support. 

I actually cringe when we get property management leads and it's a big owner like that. They want to make you their puppet, they think they know it all and of course they want a volume discount. Then when they leave it is very volatile for your business. Learned lessons with that, we strongly prefer the 1-2 property owners who are accidental or don't really know what they're doing.

I don't allow wholesaling at my brokerage. It's contradictory if you're an agent. As an agent you have a fiduciary duty to your client. Ripping equity from people without them knowing the options is the complete opposite of that. 

We had to deal with a tenant like this...actually 2. We had to file eviction...got all the way to court, spent like $2k and they signed the lease after the judge scolded them or they would have been evicted. Was extremely annoying but we at least got them on our lease which makes it a little easier in the future to evict.