7 July 2025 | 6 replies
I was bearing "delay" patiently, biggest issue I see is his attitude, he never gave any status on progress, he recetnly told me he doesn't like to give status and I just keep funding the project that's the only role I have :-). he has keys, I know if I ask for keys he will create issues. he live near property he can damage property if I try to bypass him now.
10 July 2025 | 71 replies
@John RussoThe Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.
9 July 2025 | 12 replies
Google "Joint Tax rates 2025" and see if this causes you to jump up a tax bracket or not.
9 July 2025 | 15 replies
Here, most areas good for STRs are the same that are prone to hurricanes, and investors are still wary of this from last year's damage.
8 July 2025 | 12 replies
I'm struggling to resist the urge to just disconnect their machines and let them come at me for the breach of contract damages which would only be like $3-$4k.
6 July 2025 | 10 replies
Your State likely has the requirement for you as the Landlord to mitigate your financial losses by putting it up for rent to secure a replacement tenant as quickly as possible, so do that for sure.If your facts are not in dispute, then keep the Security Deposit as liquidated damages, still sending the tenant the mandatory SD reconciliation letter according to your State statutory period to the tenant forwarding mailing address, and be done with it.
7 July 2025 | 7 replies
This ensures both you and the tenants agree in writing that the lease is being canceled and that neither party will pursue any claims against the other later.Here’s how to proceed:✅ Steps to Nullify the Lease SafelyDraft a Mutual Lease Termination AgreementThis should include:Names of the landlord and tenantsProperty addressOriginal lease start date and signed dateA clear statement that both parties agree to cancel the leaseConfirmation that no one will pursue damages or further obligationsStatement regarding the return of the deposit (if applicable)The effective date of the terminationSignatures and date from all partiesReturn the Deposit (Optional but Recommended)If you're choosing to return the full deposit, mention this in the agreement.
5 July 2025 | 34 replies
Quote from @Terrell Garren: This caused me concern in the HUD lease addendum. 5.d.
9 July 2025 | 16 replies
Because the Property Class dictates the Class of the tenant pool that the property will attract.The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Class and Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?
11 July 2025 | 49 replies
Fortunately, zero troubles and that's likely cause of the political environment and fear.