Dan Bowersock
Off Market Deals
19 June 2024 | 4 replies
They halfway tried to implement some means for presenting data in a way that an investor would logically consume that information, but they completely dropped the ball in really simplistic ways.
Corey G.
Remotely monitor water meters for leaks
19 June 2024 | 18 replies
I have found a lot of articles on smart water meters being installed by some city water companies but not much on wifi enabled water meters for consumer purchase.
Patrick K.
regarding subject to financing.
19 June 2024 | 42 replies
Perhaps.Just to add to what @Tom Gimer: points out, "When the buyer defaults": let's add that the seller can and sometimes does sue the buyer, and sometimes the seller is contacted by an advocacy group or an attorney and the attorney general is notified and if hanky panky is involved it can mean an investigation of bank fraud, wire fraud, violation of the Consumer Protection Act, violation of Dodd- Frank and some state specific charges.
Frank Barletta
Houston: F the Weather but invest anyways.
18 June 2024 | 0 replies
The education and health services sector alone added 23,800 jobs in the past year, reflecting a significant expansion in these industries, particularly in healthcare and social assistance.Proximity to Major Employment Centers: Greater Heights offers convenient access to key employment hubs such as downtown Houston and the Galleria area, which are major attractors for residents due to the short commute and abundant job opportunities.Education: Nearby institutions like University of Houston and Rice University contribute to the area's appeal.Infrastructure Projects: Ongoing developments like the East Blocks Redevelopment and BioHub II at Generation Park enhance local amenities and attractiveness.Investment InsightsGreater Heights Rental Market Trends:Single-Family House Rentals:Median Rent: $1,350 for 1 bedroom, $2,695 for 2 bedrooms, $3,250 for 3 bedrooms, and $6,100 for 4+ bedrooms.Stability in rent prices with modest YoY increases: 2 bedroom rents increased by $195, and 3 bedroom rents by $250.Median Sold Price YoY ComparisonApartment Rentals:1 bedroom apartments saw a YoY increase of $305, 2 bedroom apartments by $667, indicating strong demand for these unit types.Available Rentals:High availability of both house and apartment rentals, indicating a robust market that can support new rental investments.Sales Market Trends:Median Sale Prices:Significant appreciation in home values, particularly in 1-bedroom homes, which saw a 190.7% increase from $215K to $625K.Other bedroom counts also showed positive appreciation, e.g., 2 bedrooms (5.3%), 3 bedrooms (6.5%), 4 bedrooms (17.4%).Market Activity:Increased number of homes for sale and sold, suggesting a dynamic and active real estate market.
Juliette Olsen
Self manage or hire property management, that is the question?
20 June 2024 | 23 replies
I also use property managers for my properties.Additionally, unless you are an expert on Fair Housing laws you can easily find yourself in violation even when you think you are acting reasonably and find yourself in a lawsuit or under investigation.Finding reliable contractors is an issue and a good property manager should have those relationships saving you time and hopefully money.Navigating non-payment of rent or an eviction can be time consuming and expensive and a good property manager should help you avoid needing to do that with good tenant screening or have the legal resources to deal with it if you have to.You do have to manage the property manager and watch expenses especially for large repairs.
Christine Okamoto
What to expect in terms of administrative labor for Lifestyles Unlimited
18 June 2024 | 2 replies
Context: My dad has assorted health issues that limit his physical abilities and does not want to fill out forms or devote much time beyond discussing things with a Lead, reading over anything he’s signing, and sending a check.
Itay Heled
New law asking "Registered Agent" In Cleveland
18 June 2024 | 9 replies
All, here's a clip of the law, "requires out-of-town landlords to assign to their rental units local agents who can be reached in the event of health or safety issues related to the units.
Ben S.
New tenants want unit tested for meth drugs
18 June 2024 | 31 replies
I am going to assume that any parent (even the landlords in this thread) would not want to raise their baby in a meth house for the health reasons.
Ryan Snelson
Is SCOTT CARSON (WeCloseNotes/Inverse Asset) DEFRAUDING Investors
20 June 2024 | 37 replies
I think part of it is these cases are complicated.. so hard and time consuming to prosecute.the one I have first hand knowledge of here in Oregon.. its the IRS that ended up taking it on.. these guys take this money but don't pay tax on it.. that's tax evasion money laundry and wire fraud..