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30 September 2024 | 1 reply
The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late.
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30 September 2024 | 0 replies
This transaction demonstrated our expertise in quick flips and effective marketing, yielding a strong profit for our partner.
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3 October 2024 | 14 replies
In-state markets offer cost-effective management but can be challenging to find properties with 10+ units.
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1 October 2024 | 6 replies
As Matt said a remodel can be more cost effective than new builds.
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30 September 2024 | 9 replies
Once I hire a GC and they start their work, I need a Builder’s Risk policy with a “Theft & Mischievous Damage” rider or a “Special Form” policy.
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9 October 2024 | 312 replies
The financial effect will be short-term earnings pressure for the interim period between defaults and modification, forbearance or refinance.
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30 September 2024 | 2 replies
This effectively books the longer stays first and then fills in the vacancy gaps with shorter stays.
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4 October 2024 | 29 replies
The potential downside is that if say, you have a credit card that you’ve had a long time with a high credit limit and low to no balance, it may be having a significant effect on your credit report, boosting your score.
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27 September 2024 | 9 replies
To repair the sewer line is not cost-effective so if you do it, you just do a replacement.
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29 September 2024 | 7 replies
.: She is trying to hold you hostage, hoping you will let her go without penalty.I would give her a written notice that she is responsible for rent until a new tenant takes over or her lease ends, and she must maintain the home and prevent any damage.