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17 October 2024 | 14 replies
In most cases we do not hold a unit for someone nor do we allow a move in date reserved mths out ( like airb) unless we have a confirmed hard move out date.
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18 October 2024 | 4 replies
TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.
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16 October 2024 | 7 replies
They will typically request an architect's letter that confirms that the project is as of right and requires no variance, which tends to be the case.
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24 October 2024 | 139 replies
I find it super important, I Have a text to confirm on my phone and what ever they need they can go to home depot i will get a text with the invoice, and if I find it right I than pay from my CC.
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18 October 2024 | 7 replies
Typically with these systems the tenant will have a "confirmation" notification that payment was paid on 14th.
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22 October 2024 | 23 replies
Just to confirm, you do own 1800 apartment units valued at $450,000,000 correct?
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19 October 2024 | 5 replies
It's a job, not an investment.Real wealth is built by holding property for a long time.If you save $6,000 a month, that's over $60,000 available to invest in one year, with a little held in reserve for emergency maintenance issues.
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18 October 2024 | 11 replies
We plan to open reservations now for next summer (2025) and want to avoid the mid-week vacancies.
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25 October 2024 | 66 replies
So at a minimum you need to be firm that the rent is enough to cover your expenses (including insurance, PM fee, capital reserves for repairs)I'd go on Facebook Marketplace and on any Facebook Groups you find for KSU Housing and post it there (at a rent rate this is actually covering your expenses) and see if you get response.
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21 October 2024 | 59 replies
The only downside of using a commercial line to try and match the AIO loan is that I have to manually move money into my line of credit(LOC) and sometimes ACH payments take 2-3 business days unless I wire it in and even that might be the very next day.I basically pay down my line with everything beyond my min reserves + savings.The advantage of the AIO is it automatically sweeps over your balance in your checking account (provided with the AIO loan) and pays down your loan with any idle cash each night at 12AM and calculates daily interest based on that reconciled balance.