All Forum Posts by: Larry T.

Does anyone offer their units furnished? Is there a set percentage that you could add to the rent of an unfurnished unit for this service? (of having it furnished) Is it more trouble than its worth or a good way to add income, if you have access to sturdy used furnoture? Any thoughts would be much appreciated, thanks!

Do you guys insist on a one-year lease or longer? Is six months too short?

Is it completely impractical or just a necessary evil that you have to renovate each apartment only when a lease is up and the people move out? I guess it is never a good thing to do it all at once because that means no renters. Just wondering what your experiences were!

Hey everyone,

what do you use in your rentals? Carpet which would need to be replaced each time? Or linoleum or pergo which would sustain several renters?

Thanks!

Wow, what good advice, I am so glad I came here. So of course I have to ask, for a 100,000 offer on a building that they are asking 120,000 for, what is a good amount of escrow/earnest money. I am very serious abpout the property and would not walk away unless there was some very serious structural issue.

As for a fast close, I will have my inspector ready to go the next day after they hopefully accept the offer. I think 2 weeks is as fast a close as I could do...hope it is fast enough for the seller..

Thank you all so much for responding.

Thank you very much Mike.

Can I ask you another question? If I have cash to make an offer on a building, what is the quickest close you would say is "safe" to offer on the contract? i.e that allows for inspections and review of prior rental agreements with current tenants? And how long should the option period be? Longer than 10 days? I want to go fast but not put myself at risk...but at the same time I am making a low offer with cash and want to include as quick a close as I can so that they will accept the offer.

Does a 30-day close mean that it is not a quick close at all?

Thank you very much for your very valued advice.

Hi everyone, I am brand new and I can't find the answer to this if it has been addressed already.

What is the best way to hold title to rental property?

One that keeps anonymity from tenants and provides a degree of protection from lawsuits and least hassle?

LLC or land trust? An LLC to hold title and then another one for property management?

Thank you very much in advance for any responses.