Really liking this investment. The properties they chose and the frequent updates by OP are great.
Let's just hope that it continues.
I believe it will, it's not like you can suddenly disappear with housing stock.
Not really, granted theoretically I could quit-claim the properties to myself and just say 'screw it they're mine' , but that obviously wouldn't hold up in court.
We've got 3 things we're going to implement hopefully by the end of this quarter to increase transparency/trust.
#1 - RentalstarterTV - The Rehab TV show that's mentioned on the last page of the business plan. We have almost all the video equipment together, I'm just trying to find a good format for it.
#2 - Monthly independent financial reports with quarterly audits. We have already chosen a firm that will be representing us, the job right now is tying it all together with online reporting of expenses to the bookkeeper/accountant then feeding that info back to investors.
#3 - We will develop a board a directors/advisers that will help steer the company and have access to confidential/secure documents. I really don't want some information to get out (Occupant lists, property addresses, copies of deeds, and so on) but do want to make them available in such a way that builds more trust. I think that developing a board of 5 trustworthy individuals would help reach this goal.