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3 January 2025 | 4 replies
.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.
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5 January 2025 | 8 replies
You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.
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5 January 2025 | 4 replies
It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.
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4 January 2025 | 9 replies
If not you might be stuck with the work and the commitment to doing it since the city would be the ruling party.
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7 January 2025 | 16 replies
Truthfully it is really pretty easy if you put the right systems in place.
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3 January 2025 | 13 replies
Circuit Court of Appeals late Thursday reinstated a nationwide injunction that had been issued earlier this month by a federal judge in Texas who had ruled that the Corporate Transparency Act was unconstitutional, Reuters reported on Friday, thus suspending the deadline once again for most reporting companies to file beneficial ownership information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN)."
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10 January 2025 | 28 replies
So as a rule of thumb I have about $15,000 in reserves for capital expenditures.
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7 January 2025 | 13 replies
They each offer very different options, and each have different STVR rules as well.
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7 January 2025 | 16 replies
It depends on a lot of factors; primarily the local jurisdiction rules that may limit lease changes (in Portland/Oregon rent, security deposit, screening fees, an no-cause evictions are heavily regulated).