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19 November 2024 | 1 reply
No one can explain how this happened and it was recently surveyed 3 weeks ago with the measurements in the attached picture.
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19 November 2024 | 1 reply
Hey everyone,I’ve been diving into San Antonio’s STR regulations to get a clearer picture of how friendly the market is for short-term rentals.
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18 November 2024 | 3 replies
Otherwise taking detailed videos and pictures for the contractor to get a good idea of budget should be sufficient to get a realistic budget.
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22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
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20 November 2024 | 13 replies
I always take pictures of every room when the tenant takes possession.
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20 November 2024 | 31 replies
Sometimes you win, sometimes you lose.The guys in the picture above, are two sets of partners discussing how one guy borrowed money from both of them without any of them knowing he was borrowing from multiple people, then he ghosted them all.They comment on how much work it was to track him down and prevent him from closing on a transaction unless they got paid back.
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19 November 2024 | 12 replies
Easy to use app, clear picture and it works at night.
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20 November 2024 | 1 reply
For the 10 year period spanning October 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9% in that period.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve recently made its second cut to the federal funds rate since the start of the COVID pandemic.
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21 November 2024 | 23 replies
They will need to make double what my wife and I make to keep the same lifestyle.Then I'll meet a 25 year old computer scientist on here (true story) and he has 180k saved and tells me he can get more don't worry, and I say what the hell did I do wrong?
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18 November 2024 | 1 reply
For a duplex, you'd likely need to double the estimate if the units are identical.