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22 June 2024 | 17 replies
(e) While a person may examine and consider a criminal background check, credit history, or rental history in reviewing an application for rental housing, the person shall review and consider additional history in reviewing an application for rental housing, the person shall review and consider additional information provided by the rental applicant, including, but not limited to, personal references, recency and status of any evictions, and any actions taken by the rental applicant to resolve past evictions, credit challenges, or alleged damages, the recency and severity of any convictions, the violent or sexual nature of any prior convictions, the facts or circumstances surrounding criminal conduct, the age of the applicant at the time of the conduct, the age or vulnerability of the victim of the conduct, evidence that the applicant has maintained a good tenant history in the intervening time, and evidence of rehabilitation efforts, consistent with state and federal law, including, but not limited to, fair housing laws.
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21 June 2024 | 11 replies
This helps maintain clarity and ensures funds are used appropriately.To streamline rent collection and property management, consider using platforms like Apartments.com.
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21 June 2024 | 10 replies
Having an additional $5k/year in compliance costs, having additional costs to maintain two sets of books, more registration fees, getting leases set up and maintained...it can be expensive to split it up so one needs to be sure the tax costs are worth it.
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21 June 2024 | 35 replies
Pressure the city to sue for maintaining a public nuisance.
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19 June 2024 | 9 replies
The communities I've seen have had rural style asphalt roads and look pretty straightforward.
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20 June 2024 | 30 replies
So if there is built in equity in the property, you would be missing out on it because of a presumed prepayment penalty, but its a great way to leverage the bargaining power of cash while still maintaining capital to buy multiples at a time.Would be happy to help if you would like to take a look at what you would qualify for.
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21 June 2024 | 10 replies
Waives any other statutory or legal obligation of the landlord to deliver the unit in a fit or habitable condition or maintain the unit during the tenancy.A landlord has a responsibility to provide the tenant with an rental unit that is liveable and safe.
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21 June 2024 | 21 replies
Plan for Economic Downturns- Emergency Fund: Maintain a cash reserve to cover unexpected expenses and vacancies.- Diversification: Diversify your investments to reduce risk, including different geographic locations and property types.Your excellent credit score, lack of personal debt, and existing portfolio put you in a strong position to expand.
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19 June 2024 | 1 reply
All I can imagine is a lot of blight hitting many rental units when the costs to maintain rise beyond the capacity to finance that maintenance.
21 June 2024 | 10 replies
Looking for efficient ways to hold title while maintaining recommended safety nets as well as any other recommendations regarding LLCs/Trust/estate planning tips.