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5 August 2024 | 7 replies
After speaking with the owner of the company he confirmed that it would be recorded and his lawyer would be handling all that.
4 August 2024 | 1 reply
I have a handful of properties that are owner financed and I am looking for a better solution to managing the amortization schedules. I wanted to see what others were using? Would need to provide year end statements a...
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6 August 2024 | 24 replies
They advertise as Lender but are selling another mentor program/software package (which seems to be Prop Stream with their branding on top).
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5 August 2024 | 7 replies
So if I were in your shoes I would want to be really confident in the exit strategy. 1) confirm rent estimates 2) confirm ARV and the demand in that area to buy a house like that in the price range 3) are there banks willing to refinance at the LTV you want with the seasoning period you have. 40k for a house of that size that needs that work would be the cost of materials alone where we live in WI, so verify your estimates.
4 August 2024 | 2 replies
Seems like you know the answer and need confirmation (and I am typing this from a 3/2 beach block condo in Wildwood Crest.)At 25% down purchase, even renting 12-14 weeks you would negative cash flow $3-5k month when you consider the many layers of expenses and the current rate environment.
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5 August 2024 | 27 replies
For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply.
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4 August 2024 | 5 replies
Because the voucher is covering the rent payment, it confirms there is no risk regarding the payment of rent and you can check that box.4.
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5 August 2024 | 21 replies
First, review the original lease agreement to confirm that they are jointly responsible for the rent.
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3 August 2024 | 14 replies
.- overall "damage" is very minor as it will involve cleaning up after her, taking out her trash, and carpet cleaning throughout ($200) to get cat puke out of carpet- odd note was that she has a huge real Christmas tree which she left....who buys a Christmas tree if they intend to leave - confirmed via talking to her mother (emergency contact on my pet agreement) that she has moved to a new rental property- I have not filed the 3 days quit or cute as I'm concerned that the terminology indicates (perhaps I'm reading to far into it)that if she leaves the lease will be terminated.