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26 June 2024 | 4 replies
Explain your worries about potential damage to the new porch and noise disturbance, especially if it's causing vibrations that could affect the structure or annoy neighbors.Consider Amendments: If your lease agreement doesn't currently address items like punching bags specifically, consider adding an amendment that outlines rules for using outdoor spaces to prevent future misunderstandings.Document Agreements: Whatever agreement you come to with your tenants, document it in writing to ensure clarity and as a reference in case issues arise later.If you need any further assistance or would like to discuss please feel free to DM me!
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27 June 2024 | 8 replies
It seems like these documents are intended as a bonus for purchasing the book (kindle version is only $10), so I probably shouldn't pass them on, but I'm wondering if anyone else who has these forms have run them buy a qualified attorney in Georgia to find out if they are legitimate here.
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27 June 2024 | 8 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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28 June 2024 | 12 replies
For reference, your typical setup costs for a true syndication with all the regulatory filings and documentation is likely going to be around $10k or more.
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26 June 2024 | 4 replies
Lenders usually look for established rental income history rather than future projections.Alternative Documentation: Some lenders may consider future rental income if you have a solid lease agreement and other supporting documentation, such as a detailed rental market analysis.
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28 June 2024 | 17 replies
I come up with the idea of documenting my actions here, one is to hold myself accountable, and two I want to see where I'll go from here (a lot of people now days do that on social media, like instagram, youtube...etc.
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26 June 2024 | 8 replies
You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.
28 June 2024 | 13 replies
At this point, this tenant sounds like they're all bark with very little bite - I'd just keep documenting everything in writing (as it sounds like you've been doing) and sending everything to them via email as a backup as well, and only involve the lawyers if the need actually arises (e.g. if they file a rent escrow action; if you need to start eviction process for non-/partial payment; if you get them to agree to a mutual lease termination; etc).If you do end up going with the carpet replacement option, I would also recommend going one step further: in addition to replacing the carpet and the padding underneath, also take that opportunity to put down a coat or two of heavy duty Killz on the subfloor before the new carpet gets installed.
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27 June 2024 | 4 replies
. $100 for a lease and several other documents, written by investors and attorney approved for your state.
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27 June 2024 | 6 replies
Hi Alexander, On a full documentation loan, lenders will allow up to a 95% combined loan to value on a primary residence assuming income is strong enough to support your debt to income ratio and reserve requirements are met.