Sarah Miller
Early Lease Termination and Security Deposit
22 March 2018 | 15 replies
I thought the security deposit could only be held to mitigate damages.
Jon Q.
STRIP PRIVATE BANKS OF THEIR POWER TO CREATE MONEY
21 March 2018 | 36 replies
., (9) level of investment experience you have, (10) familiarity of the market, etc.As an investor, one of my primary responsibilities is risk management... my ability to fully understand all of the risks that I am taking and put processes/structures in place to minimize or control these risks.And if you are a successful risk manager, i have found that in REI you are able to mitigate the downside and generate returns that ARE NOT commensurate with the risks you are taking and do so by providing a triple win to your investors, your tenants, and yourself!
Jane A.
Breaking the lease, could we deduct for a new tenant placement?
15 March 2018 | 5 replies
While you can hold the tenant responsible for the rent till the end of the lease, it's your duty to mitigate damages.I have an early termination penalty written into the lease, one month's rent.
Ernie V.
Newbie needs help in Milwaukee Wi
23 March 2018 | 16 replies
Do you feel that maybe you could have done more to ensure you mitigated your risk as much as possible?
Ron Hall
Investing outside my local market using turnkey companies
26 March 2018 | 11 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.
Alexander Jones
New investor based in Los Angeles, looking at markets elsewhere!
10 April 2018 | 23 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.
Stephen Karakitsios
Purchasing first property - Should I form an LLC first?
26 March 2018 | 5 replies
My thought it is, it is a risk that can be mitigated with strong leases and insurance.Also, when you first start out, and form a new LLC there will be costs.
Luke H.
No one with good enough credit
12 May 2018 | 78 replies
But if they have good, steady income and good Landlord references, they may be excellent renters that will stay put for a long time because they can't qualify to buy.There's nothing wrong with taking "risky" tenants as long as you mitigate the risk and have solid processes in place for when they fail.
Nathaniel McKimson
22 and almost ready to buy
27 March 2018 | 12 replies
Plus it mitigates the risk of only you having the financial burden of financing by yourself and develop relationships Let me know if you have any questions.
Samuel Babs
Why is finding a real estate partner so hard?
29 March 2018 | 13 replies
To answer your questions Mr Rich Weese, I have done the following to mitigate most if not all the risks for the investors1.