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26 June 2024 | 2 replies
For example, if the previous last month's rent was $1,000 and the new rent is $1,100, you would request an additional $100 to cover the increase.Update the Agreement: Ensure that the lease renewal includes a clause that reflects the new last month's rent amount.Refund and Repay:Refund the Previous Deposit: You can return the last month's rent from the previous lease to the tenant.Collect New Last Month's Rent: Then, collect the new last month's rent at the increased rate as part of the lease renewal process.Steps to Take:Review Your Lease Agreement: Check the current lease agreement to see if there are any specific clauses regarding the adjustment of last month's rent upon renewal.Communicate with Your Tenant: Inform your tenant about the rent increase and how it affects the last month's rent.
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29 June 2024 | 26 replies
Katrina said he was a certified tech for HVAC.
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26 June 2024 | 2 replies
Adjustable-Rate: If you plan to refinance, we can discuss fixed-rate and adjustable-rate mortgage options that suit your long-term goals.Cash-Out Refinance: Once the property appreciates, a cash-out refinance can provide funds for further investments or renovations.Living in the property initially helps you build equity faster.Your townhouse investment is a promising venture.
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28 June 2024 | 46 replies
I have ordered Denise Evans book.I think I should also work to lower the taxes on any properties I obtain, not by rezoning but rather attempting to adjust the appraisal value.
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27 June 2024 | 3 replies
I try hard to market it and adjust prices to attract bookings.
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25 June 2024 | 6 replies
If you can do the full, then you can sleep adults if needed.Make sure whatever bunk bed you get it is certified for adults.
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26 June 2024 | 1 reply
You make a decision and then adjust because when you don't make decisions, you are in analysis paralysis.
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25 June 2024 | 2 replies
Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price.
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25 June 2024 | 1 reply
While interest rates might be higher, they can offer quicker access to capital.Seller Financing Adjustments:Negotiate with the seller to see if they are willing to adjust terms slightly.