14 April 2020 | 2 replies
They know they cannot be evicted, so communication before and after the onset of the virus is essential to maintaining a good relationship with the tenants.
14 April 2020 | 2 replies
The spread in yields between these property types and retail is not totally unreasonable, but the best positioned retail assets appeared under-priced relative to other asset types due to indiscriminate negative sentiment.Retail and the COVID-19 Recession: Permanent Changes and Severe Temporary Impacts Retail’s slow start to the year turned into a sudden free fall as governments around the country and the world issued stay-at-home directives and ordered non-essential businesses closed to hasten the rampant spread of the virus.
14 April 2020 | 2 replies
You pay yourself rent so it's not actually costing you anything but you can claim the rent as income.I own my office buildings but I have written lease agreements, pay rent, and essentially operate it like any other property I manage.
26 June 2020 | 20 replies
This way I essentially have 3 years to pay it back and when done it still grows.
17 April 2020 | 28 replies
Hey BP Family,I have arguebly the WORST and most disgusting on-time paying tenant but here's the situation:I rent 3 rooms in a townhouse in Virginia to 3 different parties, essentially a shared living situation.One tenant is moving out the end of the month as a result of his roommate across the hall and his disgusting habits (that's another story).The disgusting tenant's lease is actually over the end of the month and a notice of non-renewal was given to him over 3 months ago.
17 April 2020 | 3 replies
I currently have 3 homes out there that I bought either turn key or close to it.Some of these homes have an opportunity to have additional bed and bathrooms added on to get the most out of the BRRRR.I would essentially need someone to manage the rehab and construction work + additions as I live multiple states away.
27 May 2020 | 13 replies
The other angle to consider is that you probably won't "cash flow" while you are getting free rent in the property, but trying to live rent free is essentially the same thing as cash flowing.
20 April 2020 | 17 replies
You are essentially running a business just like a realtor, mortgage broker, insurance agent, etc except you are operating in the "grey" zone where you will have a hard time explaining why you do what you do to sellers.
18 April 2020 | 5 replies
Essentially they are looking for railings for stairs, ceiling height, the utilities work, screens for windows, proper outlets etc.
20 April 2020 | 1 reply
Realtors are saying that it is essentially frozen because nobody wants to pay more than the assessed value because the property tax rates are very high.