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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.
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15 December 2024 | 2 replies
Also, can I stipulate in the lease that the tenant has to maintain the lawn and shovel the driveway and walkways, or am I required to pay a vendor?
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16 December 2024 | 6 replies
The structure for this is a discounted sale, lease back, buy back.One of the partners is a qualified intermediary as well that understands the plumbing behind it to make it 1031 compliant.If you have any questions on that - feel free to give me a buzz.
12 December 2024 | 4 replies
Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really can’t break it and I have 8 months left on it.