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21 January 2025 | 10 replies
@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.
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9 January 2025 | 4 replies
My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.
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16 January 2025 | 4 replies
Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties?
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20 January 2025 | 1 reply
So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.
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22 January 2025 | 5 replies
Your cousin should contact the lender to discuss his options.If he rents it out, he must report rental income and expenses (e.g., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.
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23 January 2025 | 10 replies
This decision will also be impacted by your interest rate.
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26 January 2025 | 11 replies
I contacted a property management company and they expect it would rent between $2,000 - $2,100.
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16 January 2025 | 2 replies
Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!
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19 January 2025 | 7 replies
Even though there is low inventory, interest rates are high, and many properties don't cash flow, look harder there are always deals, you just need to find/make them.
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23 January 2025 | 8 replies
Cash out refi gives you a new fixed rate loan for 30 year term.Best,Jamael RomansUnited Mortgage Corp Thank you so much for your advice!