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17 April 2024 | 5 replies
I don't foresee any advantages to litigation in your case unless you can demonstrate the work was done incorrectly which doesn't appear to be the case.
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16 April 2024 | 8 replies
This does not appear to be an issue for the tenants or the property maintenance (ie, no calls about tiles, soft floors, rot, etc).
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18 April 2024 | 12 replies
More details/example fees: Management Fee: 10% of gross rent collected, $50 minimum per unit.Leasing: One full month’s rent upon execution of a leaseOther: 10% will be added to each invoice for any repairs, maintenance, improvements, landscaping, and snowremoval for the Property 50% of late fees collected $50 lease Renewal Fee $50 per utility turn on $25 posting 3 day notice $100 per court appearance witness fee $50 tenant removal with bailiff or police $50 to meet inspectors for housing voucher programs, occupancy certifications, and/or POS or rentalinspections Broker may charge to offset Broker expenses for postage, key copies and other misc. expenses $100 set up fee $120 annual consortium fee ($60 March 1st, $60 Sept 1St)Given all this, how do I input it when I'm making calculations for a potential investment (do I put this in as >10% like 12%, 15% or 20%?
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16 April 2024 | 0 replies
Cap rate pro forma 7.26%...better if you can get that $75k rehab budget downFor house hackers, it appears putting 10% down (if you could swing it) would be best.
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17 April 2024 | 35 replies
However, given our current state I'm preparing to set-up my own website and/or post on various channels that don't appear to offer the host insurance and I know asking the Guest for security deposit or to run background checks can be a deterrent for short stays.
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17 April 2024 | 17 replies
Otherwise, the short snippets you receive appear contradictory, even when everybody is correct within their own context.
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15 April 2024 | 10 replies
They are so low that it appears you had no turnover and little to no R&M.
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17 April 2024 | 39 replies
Nationally most blended commercial and residential PM operations appear to be trading at a 3 to 4 times multiple of EBITDA.
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16 April 2024 | 6 replies
From my research it appears that I cannot use the Qualified Joint Venture to form a single member LLC for husband+wife, because I live in NC which is not a community property state.1.
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16 April 2024 | 8 replies
I recall a case where a court held that the act of having engineering plans drawn up was the first act of visible construction.A quick review of DC's lien provisions appears to show that a sub's lien rights relate back to the date of first work and the sub has up to 90 days after completion of the project to file so someone who close on a purchase of the improvement 60 days after completion may wake up to find a lien has been recorded the next day so it's not gap matter, it's a post-closing matter.