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27 August 2024 | 12 replies
Yes, as other people have mentioned - DSCR Lenders have prorprietary guidelines and generally offer more customized and shorter seasoning periods.
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29 August 2024 | 2 replies
Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.
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29 August 2024 | 14 replies
You are dealing with discretionary spending from your customer base vs necessity spending with an LTR.
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30 August 2024 | 16 replies
If the landlord is paying any utilities that are based on usage such as water, then I might discuss a rent bump to compensate for the anticipated increase in usage and address that with the lease update adding the person as an occupant.
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29 August 2024 | 14 replies
This is assuming you meet the other requirement for a syndication - accredited and/or sophisticated - depending on the ruling they utilize.
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26 August 2024 | 9 replies
Family holds a light industrial property that has been leased to the same large utility company since the 80s and has never had a commission associated with the lease.
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29 August 2024 | 5 replies
It is increasingly common for a PM to charge a "leasing fee" which covers all the costs of marketing, showing, screening, placing tenant under contract, collecting deposit and rent, setting up utilities, getting the tenant placed, etc.If the PM can't justify the cost, then they shouldn't be charging it.
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29 August 2024 | 7 replies
There are also holding costs to consider including insurance, utilities, and potentially financing costs if you didn’t buy the property outright.
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28 August 2024 | 74 replies
Luckily, said customer saw our IG post about it and called me in a panic.