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2 July 2024 | 12 replies
I see a lot of unnecessary risk in investing in another country.If you still want to do it, I would start off with something on the lower end that is still nice to see how it goes for a couple of years before making a major investment out of country.I would thoroughly research all expenses such as taxes insurance, permits etc.
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30 June 2024 | 6 replies
Permits: Clarify who is responsible for obtaining necessary permits!
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1 July 2024 | 7 replies
Week after that, property is flagged by the village for doing work without permits.
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30 June 2024 | 0 replies
I’m planning on renting to the tenants for another four months or so while I start working on getting the permits for a major remodel.
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30 June 2024 | 4 replies
We were just issued our Certificate of Occupancy and it has our names on it because that's what was on the permit application.
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1 July 2024 | 10 replies
The owner was living in the basement & it was completed without permits.
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1 July 2024 | 18 replies
Mixed usages, such as a furnished mid term rental of one unit or vacation rental usage (where permitted) is also an excellent way to boost revenue.
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30 June 2024 | 7 replies
You can specify blackout dates when the property is not available for rent if you wish to use it personally during certain times of the year.Legal and Regulatory Compliance: The management firm will ensure that the property complies with local laws and regulations concerning rental properties, including obtaining any necessary permits and adhering to zoning laws.Maintenance and Repairs: Property management firms often take care of routine maintenance and emergency repairs, ensuring the property is well-maintained and ready for tenants or guests.This arrangement allows you to enjoy your second home for part of the year and generate rental income when you're not using it, with minimal effort on your part.
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29 June 2024 | 1 reply
Part of the requirements to pull a permit.
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29 June 2024 | 6 replies
Well besides the hard costs (construction, materials) and soft costs (permitting, architecture, fees, engineering) people often forget holding costs.