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7 October 2024 | 9 replies
But but I can also understand if president takes over here, and they've been smoking in that building for a while.I suppose we just set the precedent with this new tenant that they are not allowed to smoke in the building, and as soon as the other lease turns over we address that as well.
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8 October 2024 | 10 replies
A well drafted operating agreement will address business planning above all else.
7 October 2024 | 10 replies
Its to make sure you have enough skin in the game on this property such that when you buy the next one you're not going to be in over your ski's.Hope that helps, there are many ways to structure your situation so that you can bob and weave around these obstacles.
10 October 2024 | 0 replies
In many cases, it’s possible to address the issues and enjoy passive rental income again.However, selling may be the best option if the problems seem long-term or too costly to resolve.5.
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8 October 2024 | 15 replies
Sometimes, you need all the time you have available to address any issues or concerns.
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9 October 2024 | 12 replies
Get both POV.3) Return to your lender with the addresses you are interested in and get some term sheets.
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9 October 2024 | 11 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
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6 October 2024 | 2 replies
If so, this seems risky as it leaves little time to address any issues?
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6 October 2024 | 33 replies
Address is 13000 Plymouth Rd Detroit, MI 48227.
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9 October 2024 | 28 replies
An STR hot tub is a completely different beast. 1) Hotels and fitness centers have staff that are checking chemicals twice a day to ensure the appropriate balance is being addressed, STRs do not have that luxury.2) You can educate your guests all you want.