
22 November 2024 | 9 replies
Toledo's Lucas County Metropolitan Housing Authority...LMHA which administers the Section 8 program seems to have had a difficult 2016 and 2017 doesn't seem much better.I've been renting to Section 8 for seven years now, I still have my original tenant in fact, and normally I find great satisfaction in renting to good tenants and working with the bureaucracy that comes with a government program...I had 10 properties rented section 8 at one point and have slowly prioritized standard rentals over the program and now am seeing blatant issues with their operations causing me to move away from considering their tenants.Delays in the program: We used to have 5 business day's delay for new-tenant vouchers to be reviewed and processed for inspection but have been going weeks before we hear anything.

20 November 2024 | 3 replies
HI Abigail,Acquiring a loan, lenders always look into 3 metrics Income/Assets/Credit.

22 November 2024 | 12 replies
For instance, if the neighboring unit has a shut-in chain-smoker, or the house has railroad tracks behind it, it is definitely better to let a lead know and lose them than to not disclose, upset them and lose them (after they leave a nasty review).I'd agree with Jonathan that even late complaints need to be taken seriously, and barring some obvious malfeasance, I would just take the word of the resident and fix the issue.

25 November 2024 | 14 replies
Just make sure to have an inspection period to check out all the units, review leases, make sure tenants are paying (are leases month to month, when leases go through, everyone paying on time or are some behind, how long have they been living there/did they just moved in).

22 November 2024 | 92 replies
It simply is a metric to measure that your odds of getting a return are better.

22 November 2024 | 9 replies
Non-profit or not, it will be UW as a business...the non-profit designation doesn't eliminate the lending review, just makes the proceeds non-taxable in order to be put to charitable use.

23 November 2024 | 4 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

18 November 2024 | 4 replies
To start real estate investing, learn deal analysis, and understand key metrics like cash flow, cash-on-cash return, cap rate, and gross rent multiplier.

23 November 2024 | 1 reply
He's not only educated me with over 30 emails where he reviewed my drawings and coached me along, but he also connected me with the departments I needed to get my permits.

25 November 2024 | 19 replies
This will provide consistency and clarity in how you handle your properties.Start by reviewing your current Property Management (PM) agreement.