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9 January 2025 | 46 replies
Virginia passed legislation last year (I was not involved) that defined it as a real estate brokerage activity, thus nessceitating a license to wholesale.
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14 January 2025 | 8 replies
@Ryan Swan, funny you say that, I just used all of my votes on that one feature last week, which kind of sucks because I wouldn't consider that an "enhancement" as much as just a total whiff on Buildium's part.
13 January 2025 | 7 replies
Selling would likely trigger capital gains taxes (unless you lived in the property for two out of the last five years or use a 1031 exchange).
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13 January 2025 | 11 replies
Lastly, make sure to rework your numbers on the conservative side.
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15 January 2025 | 14 replies
Last house I did all the work myself except for drywall and insulation. 1150 square feet, down to the studs, everything new except the roof and I spent $66,000.
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17 January 2025 | 19 replies
The resident pays the second month on time and then, and only then, do they get the concession.If the market is soft, and we are having trouble renting, before we consider concessions, we look at the product, the marketing, and lastly the price.
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8 January 2025 | 10 replies
My last visit was in 2021 and owners were limited to one guest per month.
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13 January 2025 | 12 replies
The last time I checked, they said Airbnb decide this category and I cannot request it. good luck it will be incredible boost.
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7 January 2025 | 9 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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9 January 2025 | 2 replies
Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.