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20 January 2025 | 7 replies
Hi Ethan, I would not entertain the idea of getting more money from this tenant in order to potentially increase your cash flow.
15 January 2025 | 5 replies
That then registers the property at a new “base rate” and your future rent increases all be “base rate” + Inflation as guided by the town.
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23 January 2025 | 6 replies
So spending 200k on an ADU will likely not increase your property value by 200k.
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18 January 2025 | 8 replies
Only reason I've been doing it is to get 0% business credit card limit increases.
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24 January 2025 | 12 replies
PS is revolutionary because of how it has simplified access to all of the various data points investors need to make a decision and because of this its extremely popular.You do not want to be using a popular lead source to increase deals because everyones chasing the same deals.And nothing will change with there data because there business model forces them to have to buy and license the data they get which means waiting for the county/databroker to send it to them which guarantees anyone using PS data will be behind the counties, only getting a fraction of the leads and getting those late leads the same time as everyone else.How do you get access to the leads first.
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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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16 January 2025 | 1 reply
Based on that, do you anticipate increasing or decreasing your investments?
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21 January 2025 | 8 replies
If your property's value has increased since you bought it... given the market trends in Albany, that's quite possible... you could tap into that equity sooner than you might think.
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26 January 2025 | 17 replies
This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.
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16 January 2025 | 7 replies
They have increased in value, and our rents have increased by more than 45% overall.