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28 December 2024 | 13 replies
ALSO, I have not had to do an eviction following a partial payment agreement (so I don't know exactly how that would pan out in our courts), all of my tenants have so far completed their payment agreements as signed.Multifamily Northwest has forms for these types of things available via the Rental Forms Center at https://rentalformscenter.com/ Their forms are typically well reviewed by local attorneys; as you'll note, on the Partial Rent Payment Receipt there is verbiage specifically about if the landlord has/has not served a termination notice and reserving the landlords right to eviction if the agreement is not completed.
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23 December 2024 | 7 replies
Easier to predict expenses - typically no major repairs unless from association3.
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6 January 2025 | 28 replies
I got the terms mixed with open mortgage (no penalty to pay off early, but higher interest rates) and closed (more typical mortgage with lower rates, but the penalties to pay off the mortgage)...that'll teach me not to post too early in the morning :)
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30 December 2024 | 11 replies
Hi Evan,I would recommend annual rent increases that align with cost of living - assuming you are currently at or near market.Residents typically expect a small increase and it's better to do it each year, rather than getting behind and having to do a large increase all at once.
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26 December 2024 | 4 replies
For example, if a property is clearly a rental, does that typically have a higher chance of success?
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4 January 2025 | 67 replies
We will use the British or UK model which is primarily used in the India and China markets where we will be marketing to.Quality grades: This is a general discussion, there are more detail determinants, I am not showing.A- basically no flaws, generally 100% "Heart" wood.
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26 December 2024 | 5 replies
There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
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22 December 2024 | 12 replies
My goal is to stabilize, refinance within 3-5 years, and offer strong returns to lenders.Your point about targeting SDIRA investors and high earners is interesting—how do you typically find and connect with these types of lenders?
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24 December 2024 | 5 replies
While the guarantee of income sounds great, it's only a percentage of the rent, typically up to 70% and the tenant has to pay the remainder.
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28 December 2024 | 12 replies
I also accept checks but generally my tenants don’t mail these until the 3rd or 4th which typically means I don’t receive them until the 7th-8th.