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23 January 2025 | 7 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
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12 January 2025 | 5 replies
I have one more year left, but am eager to get my real estate wheels back turning.This year 2025, I am looking to get my foot back in the pool and become much more involved in the real estate community.
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15 January 2025 | 5 replies
If this is common for the area specifically, and the tenant pool is used to this, then it may not be a huge deal.
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17 January 2025 | 20 replies
Your rental pool is larger with smaller rents than with a SFH.
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26 January 2025 | 24 replies
Defend your good tenants and and show you mean it.There's charts showing jet airplane 120db, lawn mower 90db, and so forth.PS.
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14 January 2025 | 27 replies
Most material pricing, especially lumbar has come down tremendously from the chart he is using to show the increase.
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12 January 2025 | 1 reply
If you’re leaning toward selling your share, offering seller financing could definitely attract a wider pool of buyers while keeping the deal intact.
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11 January 2025 | 31 replies
Like deferred maintenance, (bad roof, worn out water heater/AC Unit, warped flooring, water damage) etc, unpaid utilities, unpaid taxes, a second loan, unpaid HOA fees, a bad pool, bad reputation, sometimes squatters, sometimes they were drug houses, and so on.
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9 January 2025 | 0 replies
Simplified ManagementFor those managing multiple properties, AB 2622 streamlines operations by expanding your hiring pool and removing the red tape often associated with minor repairs.Why It Matters for TenantsTenants also benefit from AB 2622:Faster Maintenance: Minor issues like plumbing or lighting can now be resolved promptly.Fairer Move-Out Costs: Affordable repairs mean tenants aren’t hit with inflated charges for damage beyond normal wear and tear.Things to Keep in MindWhile AB 2622 makes maintenance easier, landlords should still vet unlicensed workers carefully, ensure proper insurance coverage, and remember that jobs requiring permits must involve licensed contractors.AB 2622: A Win-Win for California’s Rental MarketAB 2622 strikes a balance between flexibility and accountability, making it easier for landlords to maintain high-quality rentals while fostering better tenant relationships.
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7 January 2025 | 12 replies
There are two large community pools, which are heated during the cooler months, tennis and pickle ball courts.The minimum STR period has been reduced from a year to six months.