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19 November 2024 | 7 replies
@Brandon StainesOption 1: do nothing you stay on mortgage and good is you still own 50% of house but bad is if she defaults then it hurts your credit tooOption 2: have her buy you out but that would require a new mortgage at a much higher rateNot much else you can do.
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19 November 2024 | 6 replies
Quote from @Sarah Rosko: We manage several medium-term rentals as well and typically operate with a 30-day minimum stay.
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21 November 2024 | 8 replies
Stay liquid and build cash.The holds that will allow you to retire and put your kids through school are def not these first two.I price out hundreds of DSCR loans every year.
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27 November 2024 | 48 replies
It is your property and the buck still stops with you, but for the most part you’re responsible for managing the manager & making sure all interests stay aligned.
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20 November 2024 | 3 replies
Many users in this forum set up "keyword alerts" and you should too to stay in tune with the strategies, markets, or other discussions that come up that are of interest.
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25 November 2024 | 19 replies
I don’t know why we didn’t get that vital piece of info in our initial meeting.So my wife and I are extremely relieved .She says she will stay on as a courtesy and if things come up it will just be an “ hourly “ rate for emergency type situations or basic boots on the ground necessities.We really like her enthusiasm and positivity and she is great at communicating and seems sincerely empathetic to our situation.
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19 November 2024 | 7 replies
The roofing company want to rent the house and will do all of the renovations while staying in the house, as workers from their company will be staying there.
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19 November 2024 | 3 replies
It is in an enclosed gate area that can only be opened from inside the fence so I'm leaning away from using it as storage space while I have other guests staying there.
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21 November 2024 | 305 replies
We don't allow anyone to stay even a day late.
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22 November 2024 | 15 replies
Second since I am a property owner myself and also own a PM company I try to look at it from different angles.If the tenant wants things fixed it many times means that they plan to stay in the property and since they are picky they tend to take care of the home more.