Think AR is a process state. Not much $ margin in there but nice % if you can automate it.
It’s hard to figure all the fees in. Lots of mystery bills come up. I find it best to buy then wait for the bills then price accordingly.
Just looking at a new package of bills last night from them. Receipts too on taxes paid. They want me to do cashier’s checks for back taxes and regular checks for current taxes. Not the same check. Then different checks for different properties. This keeps my banker busy.
Arkansas has been really good to us. We’ve sold a lot of property there for a good profit margin. I reduced 3 properties that had some hefty tax bills come in. I may pay the taxes and raise the prices back up, one at a time.
And I reduced 3 in Holiday Island that are in an HOA. They were some of the first we purchased, before we really knew what we were doing. We may just let those go back. Otherwise, Arkansas is still treating us well!
The people who see my properties are on Facebook and Craigslist mostly. They don’t know about Landpin, so it doesn’t look flooded to them.