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23 December 2024 | 7 replies
Easier to predict expenses - typically no major repairs unless from association3.
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30 December 2024 | 11 replies
Hi Evan,I would recommend annual rent increases that align with cost of living - assuming you are currently at or near market.Residents typically expect a small increase and it's better to do it each year, rather than getting behind and having to do a large increase all at once.
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25 December 2024 | 10 replies
You say things like "It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state."
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3 January 2025 | 11 replies
If you use different sources it will be difficult to calibrate the different scores, but think of it as a percentage of the max available score.This particular score seems to be based on an applicant's credit history, including payment history, credit utilization, and credit availability.
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26 December 2024 | 4 replies
For example, if a property is clearly a rental, does that typically have a higher chance of success?
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26 December 2024 | 5 replies
There is a "sponsor exemption" but that only allows an unlicensed person to raise money but it cannot be more than 50% of their duties and the pay they receive cannot be based on how much they raised.If you have never raised $, a family office will be off the table as they typically want the company to ahve atleast $50-$100M in assets.
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22 December 2024 | 12 replies
My goal is to stabilize, refinance within 3-5 years, and offer strong returns to lenders.Your point about targeting SDIRA investors and high earners is interesting—how do you typically find and connect with these types of lenders?
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28 December 2024 | 12 replies
I also accept checks but generally my tenants don’t mail these until the 3rd or 4th which typically means I don’t receive them until the 7th-8th.
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23 December 2024 | 5 replies
Shared laundry meant a fifth utility meter and high water costs that I paid.
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25 December 2024 | 12 replies
In that case I write off the lost rent as cost of doing business, but I prefer that to the expense and hassle of an eviction, which typically ends up costing us more and takes longer, even though Milwaukee is still pretty landlord-friendly.I have also done cash for keys, but typically very conditional.