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5 November 2024 | 1 reply
Hello all,What do folks use as lease generators and reference material for other rental-related forms?
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11 November 2024 | 14 replies
I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.
14 November 2024 | 20 replies
Yes, the lease would stay in place regardless of who is managing the property.
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8 November 2024 | 47 replies
We have an excellent team of cleaners handyman and other local professionals and been in the business for five years.What are the costs vs benefits of each platform?
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14 November 2024 | 19 replies
I now have a 6-month lease signed with a tenant, am avoiding higher vacancy during this recessionary period, cut out 19% of expenses, and have far less headaches.
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10 November 2024 | 6 replies
Both signed the lease, so I think I split it in half and give it to both and let them go fight it out.
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9 November 2024 | 7 replies
If they do, it's a lease violation.
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11 November 2024 | 4 replies
If allowed by the city, grade gravel and fence it and then lease it as outdoor storage.
10 November 2024 | 13 replies
If they are high maintenance, you can also have a talk with them along the lines of if they aren't happy there, they are welcome to give 30 days' notice and not pay the penalty for breaking the lease.
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.