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2 September 2024 | 8 replies
Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!
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3 September 2024 | 0 replies
So if you're looking at this at a later time, likely not up to date anymore.
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3 September 2024 | 23 replies
Other than really making sure you have partnered with a good company to manage your property; I would say to make sure you stay up to date on the latest trends and what guests are looking for.
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4 September 2024 | 25 replies
The last two deals I bought had fallen through a week before closing, seller was counting on having the funds for their new purchase, had plenty of equity and they were happy to find someone who could step in and close on (almost) the original date, even though for a lower price.
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2 September 2024 | 17 replies
In that case, a premium can help discourage back-to-back bookings or at least bring in more revenue that could help with operational costs....While a premiumcan be put in place so that adjacent days are less attractive to guests, there's no guarantee that guests won't book these days, and your regular listing maximum price will still be in effect (though that can be adjusted with Date Specific Overrides).
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1 September 2024 | 2 replies
We had a tenant who decided unilaterally to move out two weeks later than the contractual end date.
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3 September 2024 | 20 replies
I can tell you that from the inception dates of our wired capital into REM, we have seen a total of $12.04K back in distributions over around a two year period.
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1 September 2024 | 5 replies
I wouldn’t recommend blocking out dates unless you or your family plan to use them.
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2 September 2024 | 4 replies
Determine that you'll conclude your analysis by (some date), giving yourself time to get any estimates you need from contractors or suppliers for the rehab.