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13 September 2024 | 1 reply
I'd look for signs of arcing around those outlets.Other things I look for are how is the foundation, cracks in the walls (assuming lath and plaster), condition of the mechanicals, depending on what the house is built on, I may get a radon test done for the air and water (near me there is a lot of ledge, so radon is an issue in most homes).
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17 September 2024 | 2 replies
Avoiding Foreclosure: By stepping in with mezzanine debt or preferred equity, investors can help projects avoid foreclosure, which can be more costly and damaging in the long term.
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16 September 2024 | 5 replies
I highly doubt a day or two will cause that much of a damage.
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16 September 2024 | 5 replies
**Insurance Issues**: Ensure the property insurance policy is updated to reflect the change in ownership to protect both parties in case of damage.3.
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12 September 2024 | 9 replies
My tenant moved out a couple of days ago, and when I walked through the unit, I discovered that he had removed the curtain and curtain rod, detached the room air conditioner, and caused significant scratches on the hardwood floor from the metal bed frame legs.
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16 September 2024 | 3 replies
Just evict them with damages, clean it all up, and rent it out again.
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16 September 2024 | 4 replies
There was a judgment about some BC buyer who didn't close and they owed 350k in damages.
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16 September 2024 | 6 replies
The most common benefits a landlord can get from an arbitrage agreement are: reduced vacancy expense, decreased maintenance costs (most arbitragers agree to fix any damage done by guests), increased rent (most pay a premium), reduced number of hours managing the property (aka it's more passive)Some less common benefits, but still worth mentioning: Using the property to host their own guests at a lower rate during the "vacation season", Revenue sharing, arbitrage managing landscaping, and other management tasks.
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15 September 2024 | 22 replies
“Because the $20,000 took so much away from their equity to put into another home, they decided not to sell,” she said.Another client of Chaname had difficulty selling his home because would-be buyers balked at paying $16,000 more for a home with HERO-financed air conditioning, duct work, water heater and insulation when similar homes were selling for less.The buyers argued they were paying for the improvements twice – through the higher valuation on the house and assumption of the loan.
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18 September 2024 | 29 replies
BR gets a decent amount of bookings from Floridians so gas prices and opened up air travel would be my immediate concern if you are looking for a cash flowing property now.