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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.
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11 November 2024 | 10 replies
See if you can get a subject to lease agreement from one of your friends or associates.
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4 November 2024 | 1 reply
New potential tenant put 09/01/2024 to 08/24/2025 for the asked lease dates. is it normal to have it shortened by a week for the last month?
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10 November 2024 | 2 replies
From co-investing to leasing or new developments, I’m open to exploring how we can make something great happen.Feel free to reach out & let’s see where this can go!
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12 November 2024 | 7 replies
It has a lower turnover than STR but can bring in higher rent than traditional leases.Co-Living Arrangements: Renting rooms individually on a month-to-month basis could generate more income than a single long-term lease while reducing management hassle.Furnished Long-Term Rental: A furnished rental could allow for higher rent and attract tenants who don’t want the STR commitment but still value flexibility.Partner with a Local Boutique STR Manager: Some local companies manage STRs with lower fees than Airbnb's traditional managers and could help keep profits up without 20% fees.Hope that helps you with your decision!
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4 November 2024 | 6 replies
I have a landlord who wants to terminate a 12-month lease early so they can move back into the property.