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14 February 2025 | 4 replies
Your biggest challenge will be what to do when something goes wrong: nonpaying tenants, maintenance, mother nature damage, etc.Recommend you include these in any management agreement you sign, so you're not overcharged when you need these services.
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13 February 2025 | 9 replies
Dissolving the LLC and distributing the property to the former members as tenants in common and then selling is a relatively common practice in these situations.
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20 February 2025 | 10 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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17 February 2025 | 4 replies
The biggest reason I would advocate for mixed use is for the reasons you mentioned, the leases are longer, but also the general "issues" around tenants on the residential side don't come into play as much or at all.
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9 February 2025 | 3 replies
Quote from @Blair Ross Jr: What platforms or programs do you use to assist you in selecting a tenant?
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20 February 2025 | 32 replies
Were the transfers from the tenant credit card or ACH transactions.
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13 February 2025 | 0 replies
Hello, I'm in the process of purchasing a single-tenant commercial building, and I'm looking for recommendations on property management software.
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8 February 2025 | 10 replies
Do you get a benefit for allowing the tenant to have the dog, such as a pet fee?
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20 February 2025 | 9 replies
I don't own in Scranton a lot of properties, But I still think 2K is a bit overpriced Especially if you make your tenants pay utilities, But I might be wrong, just wanna make you aware so you make sure before you go into any deal.
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11 February 2025 | 11 replies
Is the property & tenants mostly easy to manage or is it taking up a lot of your time?