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9 March 2024 | 11 replies
One other thought - I've successfully added a clause in the lease that indicates if I have to go to court and get a judgement to collect money for anything, the tenant is on the hook for 7% per year interest on that amount.
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8 March 2024 | 4 replies
Instead of focusing solely on debt amount, assessing the debt-to-income ratio (DTI) is more indicative of a tenant's ability to manage rent payments.
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9 March 2024 | 26 replies
Keep an eye out for indicators of population increase or steady housing demand.The BRRRR approach may be appropriate for older properties, particularly if they require renovations.
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9 March 2024 | 25 replies
It's not a perfect system, but past behavior is a great indicator of future behavior.
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8 March 2024 | 1 reply
As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.
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8 March 2024 | 8 replies
From my research so far, Dallas has a lot of good real estate indicators (population growth, good economy and businesses, demand, etc.).
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8 March 2024 | 121 replies
Most indicators apparently say that's less and less likely, sub 30% at this point.
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7 March 2024 | 6 replies
The fact that she is not being upfront with the main issue at hand, clearly indicates she is trying to pass it off as a 'maintenance issue".
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12 March 2024 | 250 replies
I wouldn't be surprised if not but that compared with the paid claims + losses of owners who do buy title insurance would be a good indicator of how much risk is being removed per dollar spent.