I’ll definitely keep this in mind as I evaluate potential investments.

To properly renew a lease with a tenant, several tasks SHOULD be done:1) Evaluate the property to make sure tenant is taking care of it and you want them to stay.2) Do a market analysis of rental rates.3) Determine target rental increase amount4) We present all this to the tenant, as we assume they're looking at rental rates on Zillow, etc.5) We then ask the tenant what adjustment they think is fair and then negotiate rent amount and lease term (we always try to go for 2 years).6) New lease sent electronically to sign.All of this takes time, hence a Renewal Fee.

To succeed in hard money lending, know your local market well, value properties accurately, and carefully evaluate borrowers.

He explains how to evaluate and purchase.  

You also want to look at the property from an future equity position and evaluate the ARV.

Evaluate the lender's reputation and experience: Choose lenders with a proven track record who have been in business for a while and have reviews/testimonials you can talk to if you like3.

Hey everyone, just logged back in a several years.

For example like shopping around for insurance or evaluating the portfolio between cash value and replacement cost insurance.

I have heard anecdotes about how doing a quick claim deed later, the county might consider that a sale, and re-evaluate your property taxes.

Spike was as a result of Trump tariff on Canadian lumber dumping practices and Covid shutting down logging, lumber mills and trucking.