Jon Pflueger
Predictions on the FARE act and its effects on the NYC rental markets?
15 November 2024 | 2 replies
Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises...
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
At least it’s not another wave of flat earth apostles.
Mario Morales
Renting Non-Conforming Garden Units in Chicago
21 November 2024 | 11 replies
@Sarita Scherpereel so it's in a three flat building, but the zoning says there's only two units the basement unit based on what you said it's not illegal as it hasn't been cited by the city.
Pat Arneson
Anxiety Over Rehab Costs
25 November 2024 | 23 replies
The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.
Bruce Lynn
Everyone wants to buy a foreclosure until they get to see inside the property
1 December 2024 | 134 replies
"Just a little damage" Walks flat, needs roof and cosmetics.
Kwame Koom-Dadzie
STR extension and cleaning fees
12 November 2024 | 6 replies
That is if there is no record on the platform of the request.Otherwise you can modify the reservation to add the week and do a payment request for the extra cleaning or bake it into the extra week charge.
Shawn Dandridge
RE Agent Fee for Rental
17 November 2024 | 9 replies
Even the best managers charge a much lower rate, like a flat fee of $200 or maybe 25% of a month's rent.
Nichole Kinard
What to do with 50 acres of rural land
21 November 2024 | 12 replies
You mentioned a creek, so finding a few flat/clear-ish areas with a nice view of the creek could be all you need.
George Fleming
How to handle shared Washer/Dryer yet utilities assigned to different units
18 November 2024 | 8 replies
Tenant B has the option to enjoy W/D for a set, flat monthly fee.
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
This is the only argument floated by the pro-HELOC-as-mortgage folks that isn't flat out wrong.