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19 January 2025 | 42 replies
Originally posted by @Jonathan Watson:@Michael Plaks I was wondering if you’ve gotten any insight regarding this in the recent months?
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31 December 2024 | 418 replies
Further, I had negotiated 12 months interest reserve; they cut that to 3 months.
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5 January 2025 | 4 replies
It isn't easy to make things pencil, and I don't see it getting much better over the next 12 months.
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8 January 2025 | 22 replies
The only problem is that he was working on the house for almost 4 months.
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22 December 2024 | 4 replies
I've been at 100% occupancy for my small spaces for the past 5 years.My only feedback is that $2 per month per sq ft NNN seems really high to me, but each market is different.
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6 January 2025 | 2 replies
Mortgage rates at 7% 2. 25% down3. 10% of current rents budgeted for capex, monthly repairs and maintenance and property management fees.
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7 January 2025 | 0 replies
Loan: 20% down, $4,038/month PITI.
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25 December 2024 | 11 replies
The initial thought is you are probably charging too much if no one is interested, or your photos or description are bad.Four beds and only one bath probably reduces demand as well, that’s potentially a lot of people sharing one toilet.And it is winter - I’m in Buffalo, I hate listing rentals this time of year.
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7 January 2025 | 5 replies
Hello Kyle,When screening applications for the properties that I manage, I always look for:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)I have found this screening standard very helpful when finding tenants who pay on time and treat the property well!
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6 January 2025 | 17 replies
Very different advice if you were looking to make $20k a month while spending your days on the golf course or lake.