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28 June 2024 | 16 replies
I could reject them because their credit score is a bit lower than my minimum qualification standards as well.
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27 June 2024 | 1 reply
Ensure the property manager is meeting your standards and expectations.Secondary question: Old Listings:Established Reviews: Old listings have a history of reviews, which can attract more bookings and build trust with potential guests.SEO Benefits: Established listings may rank higher in search results on OTAs.Brand-New Listings:Flexibility: New listings can be optimized from scratch based on current best practices and market trends.Promotions: OTAs often give new listings a visibility boost to help them get initial bookings.It's essential to balance the benefits of a property manager handling OTA listings with the need to retain control and flexibility over your property.
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24 June 2024 | 8 replies
I talked to a commerical RE lender who does the Freddie Mac Commercial loans and his sample loan doc has the following language:Non-recourse to Borrower and Guarantor(s), except for standard Freddie Mac recourse carve-outs.The borrower is the LLC, and the Guarantor would be me.
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27 June 2024 | 6 replies
The IRR works out to be in the mid-10% range, which is attractive by most standards, especially for a low-risk property in San Diego in a nice neighborhood.
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27 June 2024 | 1 reply
But by all other standards these are 2400 sqft 3-story townhomes.These homes are electrified, powered by the sun and incorporate the latest heating and cooling technology. 5 Mitsubishi Mini Splits and a CERV system by Equinox work to provide a very comfortable living space.
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27 June 2024 | 14 replies
Instead of lowering my standards on background checks, I waited a bit longer for the right tenants just like you suggested.
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26 June 2024 | 4 replies
I would definitely recommend screening tenants as a standard practice for your own protection, regardless of whether the insurer requires it.
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27 June 2024 | 6 replies
If you provided AC, then your obligated to keep providing AC.Service call fees are standard for pretty much any type of contractor. $200-300 is typical in the larger metro areas.
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26 June 2024 | 9 replies
There are also owners that buy at $30,000 home that is dilapidated, in the worst part of town, and not in rentable condition to anyone that has a job or just standards in general.I suppose there is the chance that you were done wrong by 5 property management companies, and had a run of horrible tenants, but I would wager a guess you got what you paid for.
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27 June 2024 | 5 replies
is it standard practice to charge it from the tenant in addition to the rent?