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28 July 2024 | 5 replies
If you have a BAD tenant experience on this property as a rental and lose several months of rent and incur substantial tenant damage that is all coming out of pocket whereas if you had even a handful of rentals the performing rentals and the monies budgeted for capex/maintenance/vacancy will carry that sort of loss.
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30 July 2024 | 11 replies
It is crucial that you pull accurate comps and have a reliable GC prior to performing this type of investing.
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29 July 2024 | 11 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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30 July 2024 | 18 replies
Do you see anyone given an auto loan, mortgage, boat, without confirming financial viability to perform on the conveyed financial burden?
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29 July 2024 | 37 replies
Try expanding your sphere of influence.
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30 July 2024 | 12 replies
Disappointed to be on the receiving end of this after performing during the lease.
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30 July 2024 | 30 replies
I consider the halo battery performance poor, but not poor enough that I swap them.
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28 July 2024 | 9 replies
From what I've read and watched - what it seems like in this case is you would assign the deal and not be involved...again I'm speculating since I haven't done it myself but I am trying to learn too.Where I think you would probably want to be is having the transaction go into a performance deed where the buyer has to continue to make payments.
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28 July 2024 | 0 replies
Vacancy rates may also rise slightly under this scenario.The retail market's performance will depend heavily on broader economic trends, particularly employment growth and consumer spending patterns.
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29 July 2024 | 6 replies
Below is a comparison of average annual property insurance and property taxes for 5 states:Texas: average insurance: $2,536, property tax percentage of value: 1.68%New York: average insurance: $1,418, property tax percentage of value: 1.40%California: average insurance: $1,839, property tax percentage of value: 0.75%Nevada: average insurance: $1,144, property tax percentage of value: 0.59%Florida: average insurance: $2,207, property tax percentage of value: .91%To put these costs into perspective, below is a comparison of the annual cost for a $400,000 property.Texas: $2,536 + 1.68% x $400,000 ≈ $9,256New York: $1,418 + 1.40% x $400,000 ≈ $7,018California: $1,839 + .75% x $400,000 ≈ $4,839Nevada: $1,144 + .59% x $400,000 ≈ $3,504Florida: $2,207 + .91% x $400,000 ≈ $5,847Sources: Homeowners insurance, state average property taxesIndirect costs: Rent control is a hidden tax that may limit your ability to select the best tenant, remove a non-performing tenant, and increase rents enough to compensate for inflation.