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14 June 2024 | 2 replies
Please provide the necessary documentation no later than [DATE/TIME] or confirm your intent to terminate the current lease and vacate no later than [DATE/TIME]"That's a very simple example, but gives you an idea.I also recommend you make tenants responsible for improvements, that they be at tenant cost, and that installation and/or removal be done professionally with receipts as proof.
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14 June 2024 | 10 replies
Plus is complicates a lot of issues, more documents needed for title, etc.Now they can do all those things, but most people are too cheap to do it correctly, and all these people telling you to do it yourself, probably don't know how to run the LLCs correctly to stay out of trouble.It's not all that complicated, but it does take some work and a good attorney will guide you thru all this.
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14 June 2024 | 7 replies
At minimal the personal loan would be incorporated into your debt to income ratio when you apply for the financing on the purchase if you were trying to qualify on a full documentation loan.
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13 June 2024 | 7 replies
I want to renew at the same terms of the original lease (which was created and provided by my realtor and I dont have access to that document now).
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14 June 2024 | 13 replies
If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
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13 June 2024 | 2 replies
Many lenders have investment property experience requirements, meaning the borrower needs to document owning an investment property currently or previously..
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13 June 2024 | 20 replies
They are all the same from a documenting stand point -- if you are documenting them correctly.
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14 June 2024 | 3 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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14 June 2024 | 17 replies
I would not say those things are necessary, per say, but we make enough cash flow that it's worth the expense imo to make sure it gets handled. 3) Make sure your PM does a good job documenting the property (with pictures) on Move-In inspections.
14 June 2024 | 11 replies
I do find it hard to believe the seller’s expenses unless they’re backed up by some official documents but unfortunately I’ve read that I could only receive them after an offer has been made and accepted when I’m doing my due diligence.