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7 November 2024 | 12 replies
Just give them a call and let them know that they will pay you, you will handle all maintenance, and any other concerns.4.
2 November 2024 | 8 replies
Landlord can require tenants to be responsible for separately metered utilities, so can avoid waste.Landlord can get annual small increases in rent.NegativesMost of us don’t treat something we get for free the same way we treat something we’ve worked hard to obtain.S8 applicants claim “broke” and don’t like to pay application feesSame goes for security depositsS8 tenants, in our experience, tend to cause more property damage than non-S8 tenants. - Make sure you get a security deposit and perhaps do a surprise inspection of their current home.S8 requires an inspection (mostly health & safety) before approving a lease and then annually thereafter. - Not something most landlords taking care of their properties have to worry about.There are limits to clauses they allow in your lease.
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5 November 2024 | 4 replies
You would file the name with the state for each series created so it's clear its a series, but you wouldn't have to do a whole entity formation or do the annual filing fees.
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7 November 2024 | 12 replies
Here's some hopefully, helpful cut & paste info:------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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6 November 2024 | 10 replies
The cost of maintenance is gone up so high there is no margin.
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5 November 2024 | 6 replies
In this post, I will explore the historical impact of the election results on the housing market, if any, and share my view of the current election impact.Historically, U.S. investors have seen similar annual stock market returns regardless of which political party is in power.
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6 November 2024 | 6 replies
Assuming they're on an annual lease, I would not renew and go month to month at the end of the lease.
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6 November 2024 | 10 replies
It is true a manager will likely take around 20% but a good manager can save you money through effective preventative maintenance, and can gain revenue through better pricing, marketing on more channels + direct bookings, and more.
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6 November 2024 | 5 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
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4 November 2024 | 7 replies
Key things to keep in mind with your numbers are:Rent should be > PITI (principal, interest, taxes, & insurance) + maintenance + vacancy + capex + property management fee.