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20 June 2024 | 7 replies
Note: if your lease requires a greater notice period than the statute requires, comply with the lease.
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20 June 2024 | 4 replies
.- Market the property as well as a PM company, which increases vacancy periods and costs the owner money.- Properly / thoroughly screen the tenants, which increases the likelihood of a bad tenant and damagesNow, it can be done, but if you aren't even sure of what the industry costs are for PM services, I highly doubt you are currently skilled enough in the area to risk doing it.
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19 June 2024 | 14 replies
I wonder if there is a waiting period before changing from short to long term.
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18 June 2024 | 13 replies
My wife and I had a new complaint.. 2 weeks after a guest checked out (actually 15 days 😊 so the review period expired) we suddenly got about 10 messages from a previous guest that all read “image sent”.
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19 June 2024 | 5 replies
In declining his offer I would go ahead and set the expectation that you are granting him a promotional rent for this lease period only and he should expect a rent increase at lease renewal.
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19 June 2024 | 13 replies
The test I would use (if I were inclined to consider turnkey) would be to ask that I be put in touch with a former/current client who made money over some meaningful period of time using the system and was willing to be transparent om sharing the numbers with me.
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19 June 2024 | 18 replies
The DSCR can be interest only for a period of time, often is 30 year repayment period.
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20 June 2024 | 10 replies
The unfortunate thing I sometimes have to explain to my client is that what they "want" in rent isn't always what the market will bare.Long term the real goal is to put tenants in place who will respect the home and remain your tenants for a long period of time.
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16 June 2024 | 11 replies
Although mine does populate a trial balance and balance sheet automatically also.
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20 June 2024 | 69 replies
We are also living in an extremely extended period of relative calm in this country without major upheaval.