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19 August 2024 | 42 replies
The level of education, not to mention the high ethical standards enforced within the group, speaks for itself.We have a community of over 10,000 members committed to ethical business practices, and there is accountability for those who do not follow safety standards or ethics.
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20 August 2024 | 28 replies
Every nightly rental review that has one, is only positive and they usually have 100s of reviews(at least the only ones I can find).I wanted to stand out in my market, while checking the box of "hot tub" since it's a standard amenity now.
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18 August 2024 | 12 replies
Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?
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19 August 2024 | 7 replies
Unless you have a small credit union where you have all of your liquid reserves/cash and they give you the standard I/O teaser rate on an adjustable rate.
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18 August 2024 | 5 replies
You can get black exterior in a variety of sizes under $300 a window, and the standard white is even more cost effective.
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19 August 2024 | 9 replies
Although for this guy 15k on Norweigean cruise lines is basically a standard cabin.. so he was being frugal there.. 1.4 to net jets not so much.
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18 August 2024 | 1 reply
It's best to operate like a business with standardized requirements applied to everyone equally, every time.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.
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19 August 2024 | 12 replies
Yes, your standard mortgage rates are dropping, but most of your true commercial lending options are always going to be slow to react so I'm still seeing commercial rates higher than that.Sent over a DM, but would love to talk through some options if you are interested.Good luck!
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17 August 2024 | 10 replies
We just started using Baselane, and perhaps we could lean on that more to be able to track the expenses, categorize them per property/per tenant/mark as 'tenant expense'/mark as 'tenant reimbursed' or 'tenant unreimbursed', and then create a security deposit balance report, that would pull everything together.I'm just looking for advice from someone that has already figured out a simple and standard way to handle this.
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17 August 2024 | 19 replies
There will be unexpected costs that come up, so make sure you give a little cushion in your budgeting for that. 5) Screening- Have a thorough and standardized screening process.