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20 June 2024 | 23 replies
We would look at that as a delayed purchase transaction, not a cash-out refinance, so there would be no seasoning period on our DSCR loan.
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19 June 2024 | 7 replies
We have had an extended period of above average returns for real estate.
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19 June 2024 | 0 replies
Never again.For the last 15 years we have really been living in a prolonged recovery period, IMO.
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18 June 2024 | 8 replies
I have a property that is in the middle of being renovated. There will be 30+ units (80% 1BR and 20% studios) that need to be filled when renovations are completed. What is the best way to get them filled quickly?The ...
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20 June 2024 | 7 replies
Note: if your lease requires a greater notice period than the statute requires, comply with the lease.
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20 June 2024 | 4 replies
.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
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19 June 2024 | 14 replies
I wonder if there is a waiting period before changing from short to long term.
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18 June 2024 | 13 replies
My wife and I had a new complaint.. 2 weeks after a guest checked out (actually 15 days 😊 so the review period expired) we suddenly got about 10 messages from a previous guest that all read “image sent”.
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19 June 2024 | 5 replies
In declining his offer I would go ahead and set the expectation that you are granting him a promotional rent for this lease period only and he should expect a rent increase at lease renewal.
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19 June 2024 | 18 replies
The DSCR can be interest only for a period of time, often is 30 year repayment period.