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23 August 2024 | 21 replies
If you feel the costs are too high for repairs, then ask to do them yourself...however, you need to make sure they are done properly and accept responsibility if there are problems.
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23 August 2024 | 14 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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22 August 2024 | 6 replies
Good luck in Hartford proper.
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20 August 2024 | 14 replies
Does this guidance carry any weight?
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22 August 2024 | 5 replies
Just make sure to properly allocate the purchase price between the rental and residential portions and keep clear records.
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21 August 2024 | 7 replies
While you can't force them to complete it, it’s a helpful document to have.If you’re looking for more landlord-friendly areas, you might want to explore options in Clackamas and Washington County, outside of Portland proper.
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22 August 2024 | 9 replies
Having a washer and dryer will attract more tenants and reduce wear and tear on the property when you have turn overs...and ensure they are properly connected.Ask why they need to move in quickly.
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23 August 2024 | 54 replies
I need an accountant that know how to properly depreciate assets.
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21 August 2024 | 6 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊