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3 April 2024 | 17 replies
We have property management for our out-of-state rentals, and they have set criteria where they have right to automatically accept and lease it out using their standard lease.
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2 April 2024 | 1 reply
Is it possible to have a 12 month lease automatically convert to a 30 day lease in the event of a missed rent payment?
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3 April 2024 | 3 replies
So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.
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3 April 2024 | 19 replies
***NOTE: I would not recommend this if you have a large portfolio, do not live within proximity of your rentals, drive an expensive car, or doesn't want to actively manage properties.The main idea here is to not list your personal addresses on public documents (i.e.
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2 April 2024 | 1 reply
These are some well-known names in the real estate investment industry: - Marcus & Millichap - Newmark - NorthMarq - PPA - Cushman & Wakefield - CBRE - JLA - GREA - SVNTake it further by setting up automatic notifications for broker sites such as Crexi and Loopnet.When selecting a market, it is crucial to assess the city as a whole and also take into account the various micro-markets within it.
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2 April 2024 | 11 replies
(hereinafter called the “Property” and sometimes the “Premises”), 4 dwelling unit(s), upon the terms and conditions hereinafter set forth, for originalterm beginning on 2/1/2023 and ending on 1/31/2024 and shall automatically renew for successive twelve (12) month periods.
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4 April 2024 | 16 replies
Is the car they are driving have trash or clothes thrown all over the place?
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2 April 2024 | 10 replies
Selling a house will be as easy as selling a used car .