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20 November 2024 | 9 replies
This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.
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25 November 2024 | 19 replies
For me, start with either the property who's lease expiry is furthest out in the future OR property that has seems like it will be easiest to manage.3) From what I have heard, rent has really moved upward in GVSC - I'd call a couple RE Agents or property managers that have rental listings in the area and tell them your situation / ask them to send you closed rental comps.
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18 November 2024 | 1 reply
Congrats - do you ever think you'll expand a buy a true standalone STR of just happy with this current situation?
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18 November 2024 | 5 replies
Since we don't have all of the details about your business partner's situation and the types of properties you own I've assumed LTR.
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19 November 2024 | 6 replies
It also depends on the situation sometimes a HELOC is warranted for short term financial needs so long as you have a plan to get back in the same or better financial position afterwards and the "means," and "will," to carry out this financial or mortgage plan- HELOC's are typically full documentation qualifying loans so you'll need actual income to qualify whether it be from pension, insurance, rental's, etc that are all fully documented on taxes, W2's, 1099 forms, etc.
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19 November 2024 | 7 replies
Tough situation man.
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21 November 2024 | 18 replies
I find myself in a similar situation.
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20 November 2024 | 12 replies
Only thing I can think to do is call Vrbo or Airbnb and explain the situation and see if they would allow you to create another account that maybe isn't active to use until the other accounts are shut down?
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18 November 2024 | 2 replies
It's a tough situation for all parties involved.
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20 November 2024 | 27 replies
@Manuel Reza - $99 was the only fee I had to pay so it was worth it for me and my unique situation.