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26 November 2024 | 17 replies
They will take a risk at the beginning and charge a little more.
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18 November 2024 | 35 replies
To mitigate these, landlords can offer appliances "as-is," charge a fee, or allow tenants to bring their own.Good Luck!
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25 November 2024 | 8 replies
I'd also suggest that you work backwards based on the rent you're charging.
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22 November 2024 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
22 November 2024 | 2 replies
By the way, the tenant should be charged for this as part of "cleaning and repairs."
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15 November 2024 | 2 replies
I see 3 days ago a charge for a whopping $390 was charged from BiggerPockets to my card.
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27 November 2024 | 10 replies
Are you looking to invest in real estate to gain passive income or are you wanting to buy a real estate business and be in charge of operations?
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21 November 2024 | 21 replies
It was pretty upsetting the PM didn't do a good job communicating to the plumber the washer install is tenant's responsibility, nor did they do a good job explaining what happened to cause a 6-hour job at $1100, or try to lower it before charging me.
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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25 November 2024 | 18 replies
The folks that do that work know what they can charge since your basically captive IE the house wont work with out a new line.