
15 October 2024 | 5 replies
I guess RentRedi wants to control everything and everyone involved in their system.

17 October 2024 | 9 replies
If you pay rent while in Aspen, that housing expense will be factored into your DTI ratio (e.g. total rent paid in 5 months divided by 12 months).You should be prepared for your loan file to go to an underwriting manager for second-level review on account of the occupancy risk associated with your primary home being located so far away from your work.

17 October 2024 | 14 replies
It tightened up the system and made it harder to file those frivolous claims.I’ve been in real estate here for over 20 years, and while the storms are no joke, it's those past practices that really drove insurers out and drove rates up.
13 October 2024 | 9 replies
From a tax perspective only, putting your property into an LLC may cause your tax preparation bill to go up due to new filing requirements for a single member LLC.

14 October 2024 | 13 replies
She gave me no indication that I needed to file any additional anything.

15 October 2024 | 5 replies
You may also want to set some keywords around "agent" and "lender" for that market to get to know who the players are in the space that are involved in the community.

15 October 2024 | 14 replies
I was heavily involved in the renovation and am relatively familiar with the construction side.Our plan is to hold this property for long term and then wait for a couple of years to add more to the portfolio.

12 October 2024 | 9 replies
I get the 'professional silence', and have been told imperiously by other landlords that I should just not respond and ignore rambling, and responses definitely encourage more.However I find I have tenants that demand attention, if I don't answer they continue to get louder and angrier, and begin trying to come up with ways to force me to answer and get involved.

16 October 2024 | 6 replies
This is what insurance is for. can you think of a reason why someone could file a lawsuit where your insurance would not cover you?

15 October 2024 | 2 replies
Here is what one of my 4 AIs say:The commission structure detailed in the image for a real estate transaction involving a property valued between $30M and $40M is as follows:Under $34,000,000: 1% (0.50% per side)$34,000,000 - $34,999,999: $400,000 ($200,000 per side)$35,000,000 and above: $500,000 ($250,000 per side)To evaluate whether these commissions are fair for a 112-unit apartment complex valued between $30M and $40M, let's compare them to typical real estate commission rates for large commercial properties:Typical Commission Rates:For commercial real estate transactions, commissions generally range from 1% to 3% for properties valued above $10M.