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9 December 2024 | 6 replies
This level of service is NOT typical for the Lehigh Valley, and it’s certainly not what we’ve experienced with our PM or others we know in the area.A property manager should be proactive in tenant placement, responsive to inquiries, and transparent about efforts to fill vacancies.
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7 December 2024 | 2 replies
The way that things like this are typically handled is that if a lawsuit were to happen, since both people have been behaving under the assumption of a lease (the landlord renting their space and the tenant paying rent), they would probably treat it as if there was a standard month to month lease agreement.
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5 December 2024 | 7 replies
No matter where you choose to invest, please keep in mind the following (copy & paste):--------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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6 December 2024 | 2 replies
If you can find a good deal in Harker Heights, those properties typically rent the fastest.
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7 December 2024 | 6 replies
You can also do a double close if the agent or the seller is against wholesaling.Double close is a process where you first close as a buyer and turn around and close as a seller, typically within 24 hours.I am in metro detroit too.
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5 December 2024 | 6 replies
Given appreciation is typically where you are making most of your return in any real estate, having this additional appreciation helps create much higher returns.Additionally, my single family tenants, typically stay a couple years longer than my duplex tenants.
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7 December 2024 | 2 replies
That will typically spook them into catching up or chase them out.I recommend you read some books (see my signature?)
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8 December 2024 | 9 replies
We are listed on about 6 sites and besides the typical Airbnb and VRBO, we've had success with Travelstayion as well.
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4 December 2024 | 4 replies
I have found it is better to use a Broker if possible so they can shop companies, and shop every year vs using a captive agent that can typically only sell their company policies.While it is good to shop, not always good to go with the lowest possible provider on insurance.
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6 December 2024 | 2 replies
If you're planning to use an FHA loan or another owner-occupant loan, there are typically rules about tenant occupancy.