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19 February 2025 | 4 replies
Quote from @Marshall Stanek: NEVERMIND.....I found it by digging into the different Forum Category drop downs.FORUMS > Events and Networking > ClassifiedsThis is the only place you can market a property for sale.
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24 February 2025 | 11 replies
A portion of rent goes to the purchase price which is on the top end of market value.
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24 January 2025 | 10 replies
Not sure the cost of this for you but I feel with hot tub and fireplace you already have a lot of warming options and not get much additional revenue.
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27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!
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13 February 2025 | 9 replies
Hey Rosendo,After 20 years in the game, owning 32 properties and managing 300+, I’ve seen a range of markets and strategies.
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10 February 2025 | 24 replies
Rich Ng That's good to know, I know people who have had issues in Salem with big differences between market and section 8.
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27 February 2025 | 0 replies
It was a buyer’s market at the time so negotiating involved asking the seller to pay closing costs and being patient with our FHA loan.
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24 February 2025 | 2 replies
Its also a great way to increase values in a market since newer homes sales offer higher sale prices.
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27 January 2025 | 29 replies
BRRRR, Fix Flip, taxes, deal analysis, market analysis, marketing, financing, etc.
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11 February 2025 | 12 replies
I'm planning on buying a LTR at the moment, likely small multifamily. markets are hard too.