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8 October 2024 | 10 replies
A well drafted operating agreement will address business planning above all else.
10 October 2024 | 0 replies
In many cases, it’s possible to address the issues and enjoy passive rental income again.However, selling may be the best option if the problems seem long-term or too costly to resolve.5.
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9 October 2024 | 12 replies
Get both POV.3) Return to your lender with the addresses you are interested in and get some term sheets.
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8 October 2024 | 15 replies
Sometimes, you need all the time you have available to address any issues or concerns.
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9 October 2024 | 11 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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6 October 2024 | 2 replies
If so, this seems risky as it leaves little time to address any issues?
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6 October 2024 | 33 replies
Address is 13000 Plymouth Rd Detroit, MI 48227.
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9 October 2024 | 28 replies
An STR hot tub is a completely different beast. 1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.2) You can educate your guests all you want.
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7 October 2024 | 5 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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6 October 2024 | 15 replies
I never received any explanation that would help me understand the why other than the property manager blaming new hires.Another time Northpoint charged another homes repairs to my account/address which resulted in a $388 shortage to my account.