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11 September 2024 | 22 replies
One thing we learned was that if you have a "builder hat" on during the initial stages, our site plan may end up differently than if we had our "entitlement & permitting hat" on.
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11 September 2024 | 69 replies
So I just saw this post about Section 8 HUD tenants, and this post stated something along the lines of section 8 tenants being more likely to damage properties because they're section 8 low income tenants, and also something about investors not wanting to put money needed into Section 8 properties because they think they're just going to be ruined by these Section 8 tenants, and as someone who knows the entire process with investors, owners, contractors, tenants, and prospective tenants, this is what I have to say about it:In my experience, Section 8 HUD tenants are actually better custodians of the property because of many factors, but 3 of the main reasons being, there is an annual HUD inspection that is performed on each property, so this gives the owner an extra 'protection vector' against damages, also, the initial placement of a Section 8 HUD tenant requires a passing HUD inspection, therefore there's a record of the property's initial state prior to move in, and additionally, they want to have an easy renewal voucher process annually, and their unit remaining in good condition is an incentive for those reasons, therefore they are LESS likely to damage a property - their future depends on it!
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11 September 2024 | 1 reply
Initially, we bought the larger house 7 years ago because we had family members living with us at the time.
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12 September 2024 | 9 replies
(after pay off, and cover insurance and taxes, profit of $1100 per month).Problems: We initially were trying to get properties paid off in 15 years or less so we would have profits every month in a short period of time.
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11 September 2024 | 10 replies
The income might not be high enough to offset the initial cost, management, and turnover.
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14 September 2024 | 26 replies
Focus on making these initial images compelling and representative of the property's best features.
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11 September 2024 | 4 replies
My property manager had someone inspect the issue, and they initially said the AC unit was the problem.
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10 September 2024 | 0 replies
Foolishly, we initiated the application process with them before looking up the reviews and will already have to pay a cancellation fee if we do decide to back out.
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12 September 2024 | 8 replies
Contact insurance to see if ou can initiate a claim and use their attorneys to pursue the neighbor.
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12 September 2024 | 28 replies
(I initially thought it was a 3/1 when I bought it, and stupidly didn't realize there were no windows in 2 of the "bedrooms", so they're not bedrooms.