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15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
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28 November 2024 | 26 replies
We're seeing historically insulated submarkets to new construction get effected because of how much there has been as a percentage of existing stock.
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20 November 2024 | 9 replies
Based on the story they told me it sounds like the parents are effectively homeless and I suspect they have simply moved them in without permission.
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26 November 2024 | 44 replies
Years ago I have sent yellow letters to 1,000 selected addresses in a suburb of Milwaukee.
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23 November 2024 | 40 replies
I have 11% taxes and they charge their fees on taxes also so my effective rate is higher since I don’t keep the taxes but pay the fees on them.
19 November 2024 | 10 replies
Why aren't you sharing the property address?
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20 November 2024 | 4 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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23 November 2024 | 3 replies
When selling for sale by owner (FSBO), ensure all legal documentation is in order and consider consulting with a real estate professional or attorney to handle the lease transfer and legal aspects effectively.
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23 November 2024 | 2 replies
Exploring wholesaling and land investing is a great way to break into the industry, and your focus on value-adding strategies and modular housing shows you’re thinking creatively about how to address market needs.Your entrepreneurial background in auto detailing will definitely serve you well in real estate, especially with your attention to detail and perseverance.
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25 November 2024 | 19 replies
Hey Jose - here is my unsolicited two cents :)1) KISS (Keep it simple stupid) - could you set up a new email address and direct all inquiries to that?