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18 October 2024 | 11 replies
., two of the markets that I frequent are mostly 7-day minimums during the high season.
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21 October 2024 | 19 replies
I haven't done a deal down there in a while, but when I was doing leasing in Akron 2 years ago, we were getting tons of demand on those listings.
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19 October 2024 | 0 replies
Lease-to-Own or Rent-to-Own: Offer lease-to-own agreements where a portion of the rent goes toward the property’s purchase.
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18 October 2024 | 8 replies
Before a walkthrough and before signing a contract is it appropriate to ask the seller of a small multi family for:1.Rent Roll2.Property Tax Bills3.Utility Bills (last 12 months) (landlord pays all utilities)4.Income & Expense Statements (summary)5.Lease Agreements (Sample or Overview)6.Recent Maintenance Records (summary)7.Capital Improvements Summary
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19 October 2024 | 4 replies
@Jackie Liu you probably have enough info to deny their application, but if you want to continue to try to approve:1) Ask applicant for copies of their lease(s) to support they've been there for 4 years and who PMC is.2) Get 2023 W-2 to see what address is on it3) Ask them to obtain and provide you with their FULL electricity account history.
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20 October 2024 | 8 replies
Create as equitable utility division as you can, place this utility expense in each lease, and charge the tenants per the utility usage.
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17 October 2024 | 12 replies
I signed a one year lease and moved out one month early.
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19 October 2024 | 30 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
21 October 2024 | 9 replies
Some lenders are going to want 2-6 months of lease history before lending, others can lend with just a market-rent estimate, others don't even need to show positive cashflow.Ultimately every borrower is unique, every property is unique, and therefore every transaction is unique.
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22 October 2024 | 20 replies
All rental properties are professionally cleaned prior to leasing and/or new tenant move-in.- I also check drains, air filters, light bulbs, Smoke/CO Detectors, and any other incorrectly functioning items.