All Forum Posts by: Shanna Vataj

@William Collins

Wishing you were down a bit more! We could definitely make each other money! The furthest I go is Fairfield since I’m based in Westchester

@Azizbek Rasulov - white plains is the closest city to NY. Everyone escaping NY but still wants a city vibe is flocking to White Plains. Amenities are the same but less people. 

@Stephen Galley

I will say this - all of our voucher/housing assistance tenants have been on-time with their portion of the rents and the county has been paying on time.

@Jennifer Ward

I would do a land contract with a balloon payment after 3-5 years. At which point you can renegotiate the terms or they find other financing to pay the balloon payment and get the deed.

I always have my sellers keep the title in their name until there is a full payment to them in whatever form that needs to be in.

@Daniel Suarez

Many of these buyers are also thinking about tax benefits where a loss isn't a big deal. Especially when they are using a 1031 exchange so that tax benefit is playing into their ROI.

@Gerardo Hernandez

Bigger Pockets Pro’s get residential leases for each state. They are landlord friendly and (from what I understand) written by attorneys. I would have them sign a NEW lease with you. Give them 60 days notice that you will be increasing their rent by $110/month and will include the $50/month (or whatever you decide) pet fee in that $110. 60 days will give them enough time to find a new place if they decide to move and you can start planning your renovation to raise the rent even higher.

@Assad Oskuei

We have always ordered the finishes and fixtures ourselves.

Our most recent renovation was a mix of Wayfair, Home Depot (contractor friendly) and Lowe’s (home-design friendly).

Wayfair for the dark oil brushed shower fixtures. Home Depot for the cabinet, tiles, grout etc. Lowe’s for door hardware. Benjamin Moore for paint (always!).

@Karla Simmons

There should be a specific section in your lease that addresses the consequences of adding a pet to your household without written consent. $250 cleaning fee? Forfeiture of 1 month’s amount of security deposit?

Remember that it has to follow fair housing laws.

@Kiet Ho if the interest rates were sky high - yes. With today’s interest rates, leverage is best!

@Rose Higgens

You nailed it!!