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17 December 2024 | 4 replies
You may need to seek legal counsel on this.2) Get all the info about your rental property as possible: leases, rent ledgers, tenant contact info, etc.3) Start looking for a new PMC4) Execute your termination notice5) Once transfer is complete, circle back to decide if worth suing them.
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18 December 2024 | 3 replies
Many major leases at the shopping center owned by JPG Smith are coming due in the next 5-7 years, so the development is not guaranteed at this point as much could change in the coming 5-7 years.Even if JPG Smith does decide to renew the current leases instead of developing, there is a strong likelihood of office development being done on the vacant space adjacent to the new Tech campus. but between all of the development growth residentially, with employers like Amazon and Virginia Tech, and the new metro station, I would not be surprised to see JPG Smith move forward with the plan to develop this new business district.
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13 December 2024 | 11 replies
So you may not NEED a lease signed for your primary residence already, especially since that's a lot of stress to find a new tenant and have a lease in place while you're under contract on another home.
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17 December 2024 | 8 replies
But I have the tenant pay the broker fee & in my lease I ask them within 90 days if they want to stay for another year and give them 15 days to respond so I have 75 days to rent out the property to avoid vacancy.4.
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13 December 2024 | 7 replies
First of all, a multi-year lease should be a hard "no" even if it was a perfect tenant.
19 December 2024 | 5 replies
Actually, a friend once mentioned a unit in Eugene that had to be re-leased after a nasty storm tore off part of the roof.. it’s gritty, hands-on stuff like that which rounds out your perspective.At the end of the day, you don’t need a flawless blueprint to get started.
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15 December 2024 | 14 replies
The DSCR ratio is calculated by taking the rental amount (either from a lease or the 1007 page of an appraisal) divided by the new monthly PITI mortgage.
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16 December 2024 | 6 replies
Most property managers will take their own photos for leasing.
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15 December 2024 | 59 replies
No long term leases, ever.
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16 December 2024 | 12 replies
It's the one-year required management agreement at 10% that can get you (although you can re-up the following year at a discount if you pay the entire year at once).What you definitely need to avoid is leasing through them, should your property become vacant.