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2 November 2024 | 9 replies
A good tenant usually wants security and I want "good" tenants. 2.
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3 November 2024 | 8 replies
Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .
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1 November 2024 | 6 replies
For winterizing a property without heat, shutting off the water supply is a key step to prevent pipes from freezing and bursting.
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2 November 2024 | 1 reply
It will depend on the amount of security you are offering, the attractiveness of the interest rate, and your ability to raise cash, among other things.
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2 November 2024 | 10 replies
@Sam TrightBesides the other comments above you also start really walking or crossing the fine line of selling securities when you start bundling up parts of a note and selling it to different people.
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1 November 2024 | 48 replies
I am about to submit to the IRS my log of 500+ hours working in the STR business, most of which come from communicating with guests, cleaners, maintenance people, Airbnb, VRBO, and managing supplies, shopping, bill paying, pricing, calendars, all the daily and weekly tasks.
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5 November 2024 | 28 replies
This could be a useful strategy if you need more time to negotiate a good price for your current property.Exploring Financing Options: Given the higher interest rates in 2024, securing financing for your replacement property can be a challenge.
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1 November 2024 | 7 replies
And where do you think you can get rents.We've been able to secure 80% loan to cost on these types of deals with a credit union recently. 6% is a good rate, but I would see if you can shop around the LTVGood luckGino
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31 October 2024 | 2 replies
We should have a lot less residential development being delivered in the next 1-4 years, which should shift the supply and demand for long-term residential and should have increased organic rent growth in the future as we saw from 2017-2020, but counting on that as an investment strategy probably isn't the best idea.
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2 November 2024 | 2 replies
State/local are determined by your state of residence, not the state the property securing a loan you hold, or property you own is located in.