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26 March 2024 | 9 replies
An arms-length management fee is around 10% of gross rents.
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25 March 2024 | 3 replies
I think this could be for a variety of reasons but likely has to do with the fact that remote work seems as though it is here to stay allowing for more digital nomads, professionals to live/move cities more easily or even just "check out" a new location for a few months.Couple of key takeaways:-Casting a wide net and not focusing only on traveling nurses for example-Knowing your market and target clientele-MTRs are ideal for corporate travelers -How you operate your MTR is key to success (responsiveness to request, amenities, etc)-Protect yourself with a security deposit and ensure your lease fits your property/marketArticle: https://www.azibo.com/blog/mid-term-rentals-pros-and-cons-fo...Curious on everyone's thoughts on this article and overall market trends!
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26 March 2024 | 16 replies
I am at low 8 digits profit from local RE with just 10 properties including over $2m appreciation on a single property.
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25 March 2024 | 0 replies
Armed with updated information, a diverse investment portfolio, and the insights from seasoned experts like Sanjeev Advani, navigating these uncertain times not only becomes feasible but potentially prosperous.
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25 March 2024 | 12 replies
There are commercial mortgages that are 30 years fixed with no balloon or ARM.
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25 March 2024 | 13 replies
Basically I would not like the situation when I work with one arm of Chicago bureaucracy to pull permits while the other arm is sending bulldoggers to level my place.
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26 March 2024 | 27 replies
To make maters worse he was always armed and had a bulletproof vest because he was working security at a pot shop.
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27 March 2024 | 43 replies
GAAP accounting, reporting to the Federal Government every month, and a business mind says: take the loss this quarter while we have income to offset.Account Closed foreclosure where borrower doesn't file BK or lie and change the title or other postponement ....s costs about $55000 today as digital processes and video hearings save time and money.There are better tools today.
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25 March 2024 | 14 replies
Unfortunately she wanted an arm and a leg for the downtown commercial property and the country multi family had a driveway that was too steep for me to consider with our winters and was in a bad spot.
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25 March 2024 | 118 replies
But the difference between that time and now is two things, in 1970s era the interest rate is in the high single digit.