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14 September 2024 | 26 replies
Local Regulations & Market Conditions:In areas where vacation rentals are regulated or oversaturated, factors like legal compliance and market competition can have a bigger impact than ratings.
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12 September 2024 | 8 replies
I recommend you buy "Every Landlord's Legal Guide" by NOLO.
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11 September 2024 | 2 replies
To navigate these challenges, condo associations need to be proactive in exploring their options and seeking legal counsel to ensure compliance and financial stability, and condo owners need to consult experienced agents on what to do, whether they're looking to buy or sell.
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11 September 2024 | 13 replies
I recommend you talk to an attorney to avoid making a legal mistake that permits them to stay longer.
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11 September 2024 | 13 replies
But, It’s truly is one of the three reasons I use a PM for the rest 1) I don’t want to screen, I don’t really like meeting new people.2) I want to stay legal in my screening, notices, demands, etc etc3) They raise rents more and faster than I would and collect more in late fees.They literally pay for themselves with increased rent/fees and I get the legal and people screening for free.
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12 September 2024 | 27 replies
This documentation will be important if you need to escalate the situation or seek legal advice.2.
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11 September 2024 | 4 replies
Hi Lance,Based on your query and the information provided, here's some guidance on renting out a primary residence and an ADU in Georgia:Legality and Zoning: ADUs are legal in many parts of Georgia, but regulations vary by location.
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10 September 2024 | 19 replies
I am fairly confident that just the front unit alone will appraise to the sale price.Main problem I have right now is the legal issues with unpermitted units.
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10 September 2024 | 1 reply
Your situation (different country, Airbnb income, longer hold time) may not fit this model exactly.Negotiating Better Terms:With the bank: Shop around for better rates, consider a larger down payment for better terms.With real estate agents: Offer exclusivity for a lower rate, or consider handling the sale yourself if legal in Georgia.Holding Period: Given the strong Airbnb cash flow, holding longer could be beneficial, especially if the market is appreciating.
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9 September 2024 | 18 replies
If the later is the case, unless your contract with that buyer had specific performance language in it, there is nothing you can do.As to the advice above about potentially clouding title, you are now entering the legal realm and you should NOT be taking legal advice from anyone other than your attorney as clouding title in THIS case can swing back at you from the original sellers for not performing and claiming damages against you.If you intend to wholesale, you need to do it legally and ethically and in many states, that requires either a license, closing on it with your funds or borrowed funds, then marketing for resale once you have title, or having your buyer upfront, forming a legal entity with both you and buyer as owners.