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12 November 2024 | 11 replies
Further, the reason for sale sub to may be because of some property deficiency that does not allow the property to qualify for new financing, or the property may not be worth the amount owed forcing the seller to “compensate” a higher than market price with either “easy or no qualifying” or a low interest rate.
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10 November 2024 | 9 replies
Then your best bet is to add a second stair, make several duplexes or, if possible, see if there are any unique Code exceptions to allow a single stair to be the means of egress.
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9 November 2024 | 5 replies
I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.
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8 November 2024 | 4 replies
Signing a new lease/rental agreement allows you to update the agreement to conform to changing laws.
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10 November 2024 | 12 replies
We don't allow any smoking anywhere on the property.
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11 November 2024 | 10 replies
Have you considered adding a short contingency that allows you to evaluate the tenant’s new job status within a specified period?
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7 November 2024 | 0 replies
Understanding their urgency allowed me to craft an offer that met their needs while aligning with my investment goals, making this an excellent addition to my portfolio.
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7 November 2024 | 0 replies
Morganton’s affordable market and growth trends made it ideal for long-term investment, and developing the ADU allowed me to boost income while adding value to the community.
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9 November 2024 | 3 replies
Allow a negotiation period after the line is rescoped just in case the line is bad.
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8 November 2024 | 2 replies
In addition to this commercial unit, I currently manage a portfolio of five residential and commercial units, which has allowed me to gain hands-on experience in property management.My approach focuses on maximizing property value through strategic enhancements, ensuring tenant satisfaction, and implementing efficient management practices.