
26 January 2025 | 14 replies
I truly believe she had a medical condition and shouldn't even live in my house, should probably live in elderly housing or the like.

30 January 2025 | 19 replies
IIRC, RW even charges hourly rate fees if a property consumes too much time.

24 January 2025 | 5 replies
Even still, it could be said that I've still lost money due to my time on the tools instead of prospecting as a real estate agent (the cost of lost opportunity).If you can truly do 80%-90% of the work yourself (at acceptable quality levels) and you aren't sacrificing your time where you can get better returns for your efforts, then yes, it can work even up here in Canada.

3 February 2025 | 12 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

29 January 2025 | 5 replies
I hope I added a little more clarity, I know that even in this post I am going back and forth.Thank you.

25 January 2025 | 1 reply
(It was Hollywood and everybody has dogs)2) Somebody tried selling the appliances that came with the unit which included the fridge, dishwasher, stove & microwave.3) We were recently affected by the fires and had to evacuate, some tenants refused to evacuate even after police forced them to because they were "tougher than the fire".Have you heard of those horror stories about tenants completely trashing apartments and feces all over the apartment?

25 January 2025 | 8 replies
Even calling Airbnb or VRBO CS and telling them that you just looked for your listing and could not find it, will boost your algorithm ranking somehow.

30 January 2025 | 5 replies
Since Landlords are going to be monitored even more now with the price gouging issues surrounding the fires in LA, I would be extra cautious.

29 January 2025 | 5 replies
Use your evenings and weekends for follow-ups and networking.Sending text messages could fit into your schedule too!

25 January 2025 | 14 replies
If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.