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10 September 2024 | 21 replies
I'm pretty open about my out of state investing and share a lot of resources, performance metrics, etc.
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11 September 2024 | 69 replies
So I just saw this post about Section 8 HUD tenants, and this post stated something along the lines of section 8 tenants being more likely to damage properties because they're section 8 low income tenants, and also something about investors not wanting to put money needed into Section 8 properties because they think they're just going to be ruined by these Section 8 tenants, and as someone who knows the entire process with investors, owners, contractors, tenants, and prospective tenants, this is what I have to say about it:In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but 3 of the main reasons being, there is an annual HUD inspection that is performed on each property, so this gives the owner an extra 'protection vector' against damages, also, the initial placement of a Section 8 HUD tenant requires a passing HUD inspection, therefore there's a record of the property's initial state prior to move in, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for those reasons, therefore they are LESS likely to damage a property - their future depends on it!
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10 September 2024 | 6 replies
When I was at Hersha we used this approach for 3rd party hotel management engagements and for service providers who performed services on behalf of the hotels my employer owned/managed.
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10 September 2024 | 3 replies
It measures investment performance and helps in determining the property’s value.
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16 September 2024 | 43 replies
Their first deal but we are also seeing a lot of investors asking for bail out loans who are cash poor as some of their investments are not performing / cash flowing well and want to take equity from one to cover their costs.
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12 September 2024 | 21 replies
Either that will get the tenant to perform - at least for a period of time , or cut short a whole lot of aggravation.
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11 September 2024 | 12 replies
@Andrew Galloway, if you’re open to a not so saturated STR market that performs strong, I would check out the Tampa Bay Area and reach out to @Josh Green.
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10 September 2024 | 8 replies
Often, units that are sitting on grade will see deterioration of the cooling fins, due to animal urine or other contaminants, and physical damage, both of which affect performance.
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9 September 2024 | 5 replies
Under IRS rules, you, as the plan holder, are considered a disqualified person, meaning you can’t perform services that benefit you directly, such as acting as the leasing agent for the property.
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10 September 2024 | 12 replies
Approval for extra pets, yes: I have multiple statements about "and damages by guests, XYZ caused by guests, performed by guests, etc."