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5 January 2025 | 24 replies
@Hamidou KeitaTo build a duplex or ADU in Tucson, verify zoning regulations, obtain construction estimates, budget for unexpected costs, research market rent and vacancy rates, calculate ROI, consider neighborhood and property value trends, analyze construction timeline, consider exit strategy, and consider a backup plan.
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28 December 2024 | 16 replies
Then the tenant will rant a bunch of nonsense, have no evidence to back up his stories, and the judge will find in your favor based on the evidence provided by you.For future tenants, I highly recommend you read a book like mine or "Every Landlord's Legal Guide" by NOLO.
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30 December 2024 | 5 replies
If the damage is minor, again I think the tenant can simply claim the quality of the appliance was poor and they have the door-seal quality issue to further back up this claim.
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16 January 2025 | 78 replies
Make sure to have 2 back up teams that you think are fully ready to go as well, in case the first team lets you down (I have fired my first property management company 100% of the time).
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1 January 2025 | 26 replies
With a backup plan, and proper (extensive) legal docs, much of the risk can be mitigated.
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27 December 2024 | 2 replies
Those highlight reels rarely show the hiccups, and from what I read in Forbes recently, a lot of seemingly ‘perfect’ deals are just good editing and timing.Before jumping in, I’d think about whether the deal has amoung enough cushion and what your backup plan is if the project drags on.
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23 February 2025 | 246 replies
I assume distributions must have started back up?
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2 January 2025 | 12 replies
I call this dumb debt: Quick note; the deferred sales trust can save a failed 1031 exchange( cost zero to have this option, nor does it take any of the identification property positions) (It's wise to always have a back up plan)More on Dumb debt.
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30 December 2024 | 16 replies
Even really skilled operators are left with no back up plan because they can't pivot to LTR in that market, can´t fetch the price they paid because the STR has lost some steam and was bought using nightly rate numbers etc.
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29 December 2024 | 11 replies
Have multiple backup plans for any investment.