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15 March 2024 | 167 replies
And I would say I agree with your indicators.
13 March 2024 | 15 replies
I've been in REI a long time and have seen the good, the bad, and the ugly, but $60k of damage from one tenant indicates gross negligence on the part of the property manager.I'd suggest three things: 1) Study the contract you have with the PM company, and talk with your attorney ASAP to see whether a lawsuit is feasible/advisable, 2) Get at least three bids from other contractors on the repairs (and before you hire any contractors, study up thoroughly on how to properly vet and manage contractors--there's plenty of info about this on BP) 3) Don't do any more business with the PM company (or any contractors they refer), and keep them at arm's length while you discuss your legal options with your attorney.
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12 March 2024 | 7 replies
However, the bank indicated they cannot finance the 6-unit property and I would need a commercial loan for it.
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12 March 2024 | 5 replies
Transparency I’d look to outline, as if I proposed this JV, is clearly indicating whether I am profiting from the construction contract with any markup; how the budget/costs will be billed and transparent; and what the acceptable exit strategies would be (as I don’t know if the private loan has any security attached to it).
14 March 2024 | 60 replies
We need to have this form for liability reasons as your actions indicated very clearly your intention to have your property managed by Holton-Wise.
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12 March 2024 | 4 replies
A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.
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12 March 2024 | 12 replies
Tha'ts usually an indicator of demand.
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12 March 2024 | 40 replies
The 1% rule is a real estate investment guideline indicating the minimum monthly rent you must charge your tenant to break even on a rental property.
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11 March 2024 | 1 reply
More commonly, 4-star properties have seen as much as 200- 250 basis points of expansion.This range of cap rates is generally found in the upper 7% to 9% territory, indicating that office property values for transactions over $10 million are down by roughly 35% from the all-time high in 2021, excluding medical and owner-user sales.Debt maturities pose challenges for 2024, with around $206 billion in office loans maturing this year and another $180 billion in 2025 and 2026 combined.
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11 March 2024 | 40 replies
My contact rate stayed the same, and even went up a percentage point or so, which I feel indicates quality data.