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18 December 2024 | 3 replies
Mobile home parks often have unique challenges and opportunities, and it’d be great to hear how you’re approaching this one.If you’re open to sharing more about how you found the deal or approached the seller, that would be valuable for others looking to break into mobile home park investments as well.
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1 January 2025 | 26 replies
The seller can often sell a property that can not otherwise be sold, financed, or sold for enough to pay off existing mortgage or obtain a higher price by selling Sub To, or Sub To wrap/owner finance.
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22 December 2024 | 23 replies
As a former/ sometimes still carpenter (on my own properties only now) also working as an agent, I am often surprised at how little certain inspectors know.
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26 December 2024 | 27 replies
It has come to mean a fully furnished down to the sheets and towels rental often rented by traveling professionals for typically 3 months. or did I not need to answer that as this is the Medium Term Rental forum?
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20 December 2024 | 8 replies
But prices don’t always drop right away; they often stabilize as buyers and sellers adjust.For multifamily, rising rents in many markets have helped keep prices steady because higher rents mean better cash flow.
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25 December 2024 | 10 replies
I acknowledged his concerns but was unable to resolve the issue.Since the tenant moved in, I have experienced escalating issues with his behavior, including:Lease Violations:Moving items without permission (furniture, safe, carpet cleaner, TV from his room to another tenant's room).Accumulating boxes in the garage, potentially exceeding the agreed-upon storage space.Installing a security camera in the common living area, which is a direct violation of the lease agreement.Failure to submit a work order for alleged issues with the smart lock, as required by the lease agreement.Behavioral Issues:Aggressive and confrontational communication.Unfounded accusations and personal attacks.Refusal to communicate through agreed-upon channels.Loud and disruptive late-night behavior (banging on the door, kicking the door) due to alleged difficulties with the smart lock, often accompanied by profanity.Harassment of my son, the designated on-site property manager, by making disparaging remarks about me and refusing to cooperate with him.Potential for Neighborhood Disruption: The tenant's late-night outbursts have the potential to disturb neighbors, although no formal complaints have been received.Unreasonable Demands: The tenant unreasonably demands advance notice of my access to the property for storage purposes, despite the prior agreement and my right to access common areas and my own storage spaces.Safety Concerns:While the tenant has not directly threatened us, his actions, including the harassment of my son, have created a concerning and unsafe environment for my son and me.Goal:My ultimate goal at this point is to evict the tenant due to his ongoing lease violations, concerning behavior, the harassment of my son, and the potential for neighborhood disruption.Questions:1.
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18 December 2024 | 15 replies
Hi Shaheen, rental properties often get hit with higher tax rates because local governments see them as commercial investments.
18 December 2024 | 2 replies
The successful brokers in this space often have analysists who are researching the market for listings, prospective clients etc.
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19 December 2024 | 6 replies
That said, VRBO doesn't do auto messaging and that's a PIA that makes a channel manager a nice tool to have, but often the cost isn't worth it until you get at least 1 more unit - again, my opinion.
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26 December 2024 | 21 replies
When money clouds decisions, ethics are often the first casualty.