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29 October 2024 | 5 replies
If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense.
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28 October 2024 | 6 replies
If you don't have the 5% down payment then you can do a HELOC on your current house to do it, but it will at least be easier to pay back compared to a 20% down payment on an investment property.
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27 October 2024 | 8 replies
Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI) and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.
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31 October 2024 | 37 replies
Asset Set-up Fee: I've never seen this, but its fairly small compared to the other fees.
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28 October 2024 | 24 replies
I wouldn't worry too much yet but if after a couple more days of no activity, I would bring the price down a bit to be closer to the top end of the market and see if there are recent comparables that have been rented (especially if you have access to the MLS)
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31 October 2024 | 17 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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28 October 2024 | 2 replies
Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.
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28 October 2024 | 2 replies
But when we compare this year's figures to 2019 (the last normal tourism year pre-COVID), we see continued growth.
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29 October 2024 | 11 replies
But the ROE is even more drastically worse compared to the past as the value of them continues to rise but income has not.
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28 October 2024 | 5 replies
The meaningful relationships are earned by being a trusted advisor who provides accurate information even if it means your client will be less competitive on that particular opportunity compared to the buyer who arrives at their purchase number based on bad advice.