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22 August 2024 | 1 reply
.- lower turnover- easier on the units when they do move- quiet and less disturbance than traditional, younger- for fixed income, consider partnering with the local housing authority for SEct 8 vouchers, then raise rents accordingly - guaranteed money & the Sr. only pays a portion (if they qualify)Traditional renters- Higher turnover- Higher turn costs- More volatile - higher bad debt- More drug related activities- Adding in children that are hard on units- Higher eviction rates and legal costsConsider all angles before making a decision with the changes.
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21 August 2024 | 2 replies
Does refinancing can alleviate your landlording headaches?
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21 August 2024 | 2 replies
It's a crappy situation, but by offering them a solution - even if it is on them - it somewhat alleviates the need to fell like you have to act and you have made an attempt to solve.
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28 August 2024 | 39 replies
With the social changes that have taken place, mostly due to the local changeover of city leadership, the city has experienced a marked increase in crime and drug use.Also, property taxes are sky high.
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21 August 2024 | 18 replies
This applies to individuals with annual incomes of $500,000 or more (or $750,000 or more for married couples filing jointly).For Medicare Part D (Prescription Drug Coverage):The premium varies by plan, but high-income beneficiaries pay their plan's premium plus an additional $81.00 per month at the highest income level.The minimum monthly amount one will pay for Medicare in 2024 is $174.70.
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23 August 2024 | 21 replies
A PM should be hired to alleviate the stress and responsibilities that come with being a landlord not with the idea solely on profit.
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19 August 2024 | 1 reply
Several new carriers have been approved for FL for insurance which should (emphasis on should) alleviate some of the insurance shenanigans going on with SFRs here.
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22 August 2024 | 29 replies
For instance, there is currently a nursing shortage across the US, and traveling nurses help to alleviate it.
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21 August 2024 | 7 replies
Too bad these properties should all be condemned, I’ve gotten so many messages from people who have lived at or worked on your properties that are filled with mold and animal waste and drug dealers.
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20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.