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18 November 2024 | 11 replies
The value will be determined by an appraiser hired by the lender.
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15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
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20 November 2024 | 14 replies
., cost segregation studies), carrying forward 2024 losses, and accelerating deductible expenses to reduce taxable income.Shift to Passive Investments: If management has become burdensome, hire a property manager or transition equity into more passive assets like turnkey properties, syndications, or REITs to reduce workload while maintaining income potential.Expand or Reinvest: Use your equity to acquire new cash flow-positive properties in markets with strong fundamentals, focusing on diversification and long-term stability.By refinancing, selling underperformers, or paying down debt, you can improve liquidity and cash flow.
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15 November 2024 | 6 replies
Usually, you or the company you hire will need to file a moving permit for the move.
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19 November 2024 | 24 replies
I had to hire someone to deliver those to the site.
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20 November 2024 | 45 replies
Affordability is about 1:3So yeah on the surface it looks like a big difference, but there's a lot of things not controlled for in the stats- There were a crazy amount of houses built in the years just after the war, so housing stock was easy to come by everywhere;- Homes had nowhere near the kind of features they have now - 2 car garages, dishwashers, OTC microwaves, W/D hookups, high efficiency windows, central heat & air conditioning, etc - all those doodads and niceties drive up the cost of housing;- Fewer mortgages were 30 year, so homeowners had to pay (relatively) higher monthly payments;- Rentals were almost exclusively apartments, so there was more supply for buyers;ETCI think these things tend to be more stories that make for good press but aren't really that grounded in reality overall.
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15 November 2024 | 12 replies
You hired them to manage the property.
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16 November 2024 | 2 replies
In particular:(1) Should I hire a law firm or collection agency to facilitate the transaction?
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15 November 2024 | 5 replies
This has been asked and answered many times.Ship to house or your cleaners.Have cleaners setup stuff or hire a handyman for stuff that needs to be assembled.
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15 November 2024 | 5 replies
At this stage I felt saving time is more important than saving money, without hiring a bookkeeper.