Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
You may have to evict which is generally the course it goes but do something/everything (legally available) to cure this quickly.
James Syed
5 Day Notice Illinois
5 January 2025 | 18 replies
Generally in Illinois, the Tenant does not have the right to cure the lease violation and stay in the property.
Chris Seveney
Is it really this bad with syndicators?
16 January 2025 | 19 replies
Possibly break loan covenants and can't cure default, lender takes back property.
John Friendas
Maximum # of DSCR Loans Lenders Will Give?
22 January 2025 | 12 replies
Lenders stopped allowing rent by the room due to modifications done to the property resulting in functional obsolescence and significant cost to cure in the event there was a default and they needed to foreclose on the home and resell it, given that the main buyer pool for single-family homes are primary occupants.
Esther Iroko
Tenants not paying rent
25 January 2025 | 18 replies
In my state, the notice gives the tenant 3-days to cure the default before eviction begins.
Victor N.
Tenant Refusing To Turn on Heat In Winter In Order To Save
18 January 2025 | 36 replies
Most leases have a clause that state that she has to keep the pipes from freezing.You can give her a cure of leave notice.
Alan Asriants
Why BRRRR is not an effective strategy today...
26 January 2025 | 36 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
Jeff Ryan
Mobile home purchase (on rented lot) for single family home investment
6 January 2025 | 14 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.
Matthew Steele
Lost lease, tenant issue
4 January 2025 | 11 replies
If he doesn't qualify, advise her that she has to 'cure' the illegal occupancy immediately or be subject to eviction.
Isla Arshad
Tenant Pays Rent Late and now Claims Harassment when filing for 10 days Notice
7 January 2025 | 13 replies
Every state has a landlord-tenant act that requires you to send certain notice to cure for violations.