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18 February 2025 | 148 replies
The $56-a-unit process requires landlords to be up-to-date on their property taxes and for the properties to be free of any safety or building-code violations.Since landlords are not legally permitted to collect rent from tenants of a home with an inactive license, the system is designed to serve as a check on property owners, forcing them to address safety violations and pay their taxes.But Philadelphia’s Department of Licenses and Inspections lacks the resources to hunt down property owners who flout those rules, said Karen Guss, a spokesperson for the agency.
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14 January 2025 | 11 replies
You can get overviews for free.
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21 January 2025 | 13 replies
With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.
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14 January 2025 | 3 replies
If you're ever interested in seeing what's going happening on the western side of the state feel free to reach out anytime.
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16 January 2025 | 2 replies
While other banks will allow 10 on credit and then allow you to switch to a DSCR or actual portfolio loan to free up credit.
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12 January 2025 | 7 replies
If your manager is just 'keeping an eye' on things, collecting/reminding on a few rents here and there and some light cleanup while being compensated in free or reduced space rent then classifying them as 1099 subcontractor is great.
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18 January 2025 | 21 replies
Generally speaking, these are roughly $1500 / pier give or take depending on the crawl space height.If you need anything - feel free to reach out to me (contact info in bio).
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21 January 2025 | 8 replies
If you ever want to chat more about this... or if you're curious how these strategies play out in markets like Austin or Scottsdale... feel free to reach out.
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19 January 2025 | 9 replies
This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr.