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26 November 2024 | 4 replies
A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.
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25 November 2024 | 11 replies
A message stating your qualifications for applicants will let them know whether they should apply or not too.
25 November 2024 | 11 replies
Income Late fee Gross rent Expenses Advertising Cleaning Gardening/lawn mowing Insurance Interest on loan(s) property tax Legal expenses Pest control Property agent fees/commission Repairs and maintenance Water charges Electric Bill Total expenses Net rental income or (loss)
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27 November 2024 | 16 replies
Because of the lease, an MTR operator will often pay first month's rent, security deposit, pet deposit, last month's rent, and even lease application fees.
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23 November 2024 | 1 reply
Also, you may charge a premium on the rent (higher rent) in this model of leasing.If you charge them a higher upfront option fee, it will demonstrate that the buyer is committed reduce the likelihood of default.
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23 November 2024 | 20 replies
If it's during office hours, they can pick up a spare key for no charge.
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26 November 2024 | 17 replies
Do research on what inside vs outside protection means, and charging orders.
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21 November 2024 | 10 replies
Yet you're able to screen applications more effectively?
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23 November 2024 | 5 replies
nearly every single applicant will tell me their pet is either ESA or Service dog.
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24 November 2024 | 27 replies
Children 12 yearsold and under will not be charged.