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30 October 2024 | 35 replies
@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.
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31 October 2024 | 17 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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31 October 2024 | 9 replies
Termination of a tenancy can only be done by operation of the lease or statute.
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30 October 2024 | 1 reply
Mom and Pop shops are not that great at accounting and the numbers tend to look like they can't afford to live so take that in to account plus the operations they are doing.
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31 October 2024 | 15 replies
I, nor any other agent in our 100% locally owned and operated brokerage pass that fee on to clients, accept on very small sales where the commission to us is going to be too little to absorb that $250.
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30 October 2024 | 10 replies
We are open to partnering on flips and raising capital/ tandem operating the deal. lets connect
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28 October 2024 | 12 replies
I rent to companies that operate "group homes".
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28 October 2024 | 4 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.
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30 October 2024 | 21 replies
However, since interest rates jumped up in 2022, new construction starts have dropped a ton in the area, so within the next 1-3 years the amount of new supply coming into the market will drop a ton, and we should see demand outpace supply again and start seeing organic rent growth come back. 2015-2022 you would see 3-10% organic rent growth per year depending on the property and submarket.
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4 November 2024 | 34 replies
There is some gray area here from the seller's perspective as not all brokers operate at the same level as I do.