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3 February 2025 | 0 replies
The Yale Law Journal article, "Zoned Out: How Zoning Law Undermines Family Law’s Functional Turn," highlights this issue, noting that while family law has evolved to recognize diverse family structures, zoning laws have lagged behind, potentially hindering innovative housing solutions like co-living.Challenges for Co-Living InvestorsFor real estate investors interested in co-living, these restrictive definitions can lead to:Legal Barriers: Difficulty obtaining permits or approvals for co-living spaces due to non-compliance with traditional family definitions in zoning codes.Operational Challenges: Potential fines or legal disputes arising from housing arrangements that don't conform to local zoning definitions of a household.Market Limitations: Reduced ability to meet the growing demand for affordable, shared housing solutions.Advocacy for ReformThe Bloomberg article, "Why Are Zoning Laws Defining What Constitutes a Family?"
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6 February 2025 | 8 replies
For example, ask about typical costs for HVAC repairs, plumbing issues, or roof work.- Use Historical Data: If the seller has accurate financials, their expense data can be invaluable.
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6 February 2025 | 4 replies
However, anything that impacts functionality like plumbing, HVAC, or safety issues should be handled before listing to avoid turning off potential renters/buyers.If you’re re planning to lease it, tenants will expect everything to be move-in ready before signing.
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1 February 2025 | 1 reply
That would not fly in multifamily unless there was a reasonable expectation of fixing the issue quickly.
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31 January 2025 | 19 replies
It is certainly beneficial to have someone local that you can call on for these emergency issues but don't see it necessary to have a full time PM in my opinion.
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22 January 2025 | 25 replies
For instance, said property manager manages maintenance issues, problems that arise during bookings, basically anything that needs a physical person at the property, while I manage the rest?
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4 February 2025 | 3 replies
I started to notice some issues early on when I tried to get some new tenants screened and signed up.
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16 January 2025 | 3 replies
I don't see it as an issue but many still do, at least in my small town where the majority of renters are elderly people looking for low maintenance housing options.
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24 January 2025 | 8 replies
Assuming they are professional and skilled in the craft - alot of the issues you have faced, they will remediate and mitigate moving forward.