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24 June 2024 | 8 replies
This is also a monthly report released at the standard 8:30 a.m.
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23 June 2024 | 105 replies
But just signing blanket standard insurance firms that are not negotiated and written for your specific needs and goals is not insurance.
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23 June 2024 | 11 replies
To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.
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22 June 2024 | 18 replies
To me if standard is an 80% LTV, I would consider 90% LTV or higher a low down payment.
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21 June 2024 | 4 replies
Hello we just had tenants move out and their standard of cleanness makes me want to laugh.
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22 June 2024 | 21 replies
How standard is a floating close date?
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21 June 2024 | 11 replies
We do have the clause in any standard lease, paragraph 18, that the tenant has to comply with the procedure of requesting repair if the landlord has to bear the cost of repair.
20 June 2024 | 3 replies
For those that don't know, group homes are single family homes that house "by the bed" and therefore come with many benefits, the primary being that they bring in anywhere from 1.5x - 2x the monthly rental income that a standard single family home would.
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22 June 2024 | 17 replies
However, older instances are to be considered more holistically, suggesting a more lenient approach to past financial or rental difficulties as time passes.Exemptions and Protections:Certain properties, particularly older houses that cannot easily be brought into compliance with current codes, are exempt from some source-of-income rules, acknowledging practical limitations in applying these rules universally.Landlord Liability:The ordinance provides protections for landlords in terms of reliance on third-party information to reject a tenant, mitigating potential legal risks associated with tenant selection processes.Fair Housing and Legal Compliance:All considerations of prospective tenants' applications must align with fair housing laws and other state and federal legislation, reinforcing the ordinance's compliance with broader legal standards for housing discrimination.
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20 June 2024 | 10 replies
I’m certainly looking for networking and mentoring opportunities as well as access to standardized procedures.It seems like I would be a liability for most brokers.