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19 July 2024 | 6 replies
Regular inspections are crucial to maintain the property’s condition; aim to visit at least quarterly if possible, or hire a property manager to conduct these inspections for you.
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18 July 2024 | 4 replies
Depending on the condition of the property, $1500-$1600/month per unit on a duplex is reasonable.
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22 July 2024 | 120 replies
It also deprives landlords of the ability to benefit from changed market conditions (gentrification).Personally, my objection to rent control is the fact that it requires subsidizing tenants by private entities.
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18 July 2024 | 3 replies
In addition to grading, you need to consider soil types, impermeable conditions you are creating and the resulting stormwater runoff mitigation.
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19 July 2024 | 11 replies
As a viable alternative to explore with a lender, consider the advantages of a 5% down conventional loan, or even less for qualifying first-time homebuyers, which often comes with less stringent property condition requirements.
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17 July 2024 | 12 replies
The locks and keypads have been very reliable overall, with the batteries in each lock lasting about 4 months with pretty active use, and handling some pretty extreme cold weather.
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18 July 2024 | 7 replies
What is the condition of the current primary, what are the numbers as a rental (COC), and what is your gut telling you?
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19 July 2024 | 12 replies
Where it falls in that range will depend on age, size, and current condition of the place and the major capex items.Inherited tenants can be a blessing or a curse.
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17 July 2024 | 1 reply
Market Stability: Buy & hold strategies generally benefit from market appreciation over time, though local market conditions can affect rental demand and property values.
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18 July 2024 | 0 replies
The landlord should ensure that all tenants know what is expected of them, whether it is when the rent is due, rules they must abide by to keep the property in a safe and sanitary condition, respecting fellow tenants, or generally just being a good neighbor.I believe that the City has its proverbial head in the sand on this.