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12 November 2024 | 171 replies
My clients who are no longer hamstrung by daily upkeep and repairs experience a tremendous sense of relief investing passively.
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7 November 2024 | 30 replies
Thank you Andy-we are currently done with the repairs and theu agreed to waive her their as of now and is not charging us any money as she realizes she hasn’t been able to rent it .Also there is no contract , which after reading more and more on property managers is essential.
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7 November 2024 | 15 replies
Keep in mind this doesn't account for rehab, repairs, and reserves necessary to maintain rentals.
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31 October 2024 | 17 replies
So he pushed harder, put his shoulder into it, and he's a big guy, 6' and 240lbs of more muscle than flab, and he said he got further in that time, but he said that something pushed the door closed so hard that he fell back on the stairs, and all the lights went out for a few seconds, and he heard the door upstairs slam shut again.
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4 November 2024 | 10 replies
@Lue Yang FHA will give you the lowest downpayment with you being a nonoccupant coborrower.You can also do conforming, but downpayment will be 20-25%.BTW - if you find a property that needs repairs, you can look into an FHA 203(k).
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6 November 2024 | 6 replies
One option you might try is to go to Bi- Weekly Payments, this way you collect on the same cycle as their paychecks.As long as both of your tenants still have their jobs, I would ride it out, the 2nd thing is how are they maintaining the property, are you going to have to spend thousands of dollars on repairs because of damage to the property.
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6 November 2024 | 22 replies
How AirDNA and others get the data so wrong I can’t say for sure, but I suspect it’s because they can only assume that unavailable days equal booked nights versus any number of different, non-revenue reasons, such as owners’ personal usage, repairs, etc.
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3 November 2024 | 10 replies
Purchased for $290,000, put 25% and put $20,000 in repairs.
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4 November 2024 | 4 replies
Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA).
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2 November 2024 | 4 replies
This is why most wholesalers are terrible because their numbers are never even close on the repair costs.