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21 October 2024 | 10 replies
The challenge when renting directly to the government is that they expect below market rents.From what I've read in the past, most institutional investors look at these leases like US Treasury Bonds (extremely low risk) and expect a similar rate of return as bonds.Keep this in mind while you try to negotiate a rent increase.
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23 October 2024 | 13 replies
If you're concerned about potential damage, installing laminate flooring could be a smart move.
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23 October 2024 | 11 replies
Its the long term landlords that have to be concerned with prop taxs
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15 October 2024 | 6 replies
The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?
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22 October 2024 | 12 replies
Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.
15 October 2024 | 8 replies
While they are good communicators, experienced with Section 8, and their software for rent collection is solid, we're increasingly concerned about a few key issues and would appreciate input from anyone with similar experiences:Turnover Fees Transparency:The turnover fees seem high, and despite our requests for itemized breakdowns and man-hours to justify these costs, we feel they may be taking advantage of our out-of-state position.
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20 October 2024 | 8 replies
Since then we've had two more showings, and a verbal offer over the weekend for $235,000 which then became $215,000 because she's concerned there "might" be mold in the house, although when asked by her agent why she thought that she hasn't given any specific reasons...so not sure what to make of that as the house is completely mold free to my knowledge.
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20 October 2024 | 4 replies
concerns about safety/fraud , taxation etc...https://cocodevelopmentgroup.com/boulevard-villa-bali/PDF of payback calculations https://drive.google.com/file/d/1FQca4xOb7Dgxy9o5-UP8wvXuZCo...
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19 October 2024 | 6 replies
I’m fairly new to the self-managing/property management business and certainly new to dealing with section 8 tenants.I have a potential section 8 tenant who has inquired about one of my properties and they are in their opinion “disgusted” with the way the carpet looks however up until this point in my efforts of marketing the property I have not had one complaint concerning the carpet.That being said she has requested to rip out the carpet, in turn to replace the carpet with hardwood floors.