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27 September 2024 | 11 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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26 September 2024 | 12 replies
If Landlord exercises this Right, binder funds will be mailed within 7 days to Prospective Tenant(s) at a current address listed on their application(s).Move-In RequirementsFirst Month’s Rent must be paid in full in the amount of: $__________Security Deposit must be paid in full in the amount of: $__________Other Move-in Fees must be paid in full in the amount of: $__________All tenant paid utilities must be transferred into Prospective Tenant’s name.Background checks done on all occupants aged 18 and above.A Lease must be executed and signed by all parties.When all move-in requirements have been met and Prospective Tenant(s) given possession of the property, the binder will be used as the tenant’s security deposit.
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29 September 2024 | 12 replies
Also, the house is being fully redone top to bottom with good rental and good flip materials for the B community that its in so repairs should be less common than most.The market here is very hot still and this likely would sell quickly.
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27 September 2024 | 14 replies
You can ask the rents as well as other details on the listing such as utilities, amenities, etc...
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24 September 2024 | 6 replies
If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?
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25 September 2024 | 2 replies
Outside of real estate, I enjoy spending time with my wife and kids, as well as playing golf, collecting comics and sports cards, and binging the next show on Netflix.I am very excited to meet people with common interests, network, learn, and help where I can.
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26 September 2024 | 2 replies
One objection that is common now a days is the first mortgage rate being low and the home owner not wanting to lose that low first mortgage rate.The other objection is they want to use the Heloc like a credit card only making a payment on the portion that they use rather than the full amount.
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23 September 2024 | 14 replies
Mid-year conversions do not qualify for a partial year calculation of STR depreciation; you must meet the full-year requirements to utilize this tax advantage effectively.5.
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25 September 2024 | 5 replies
Or was the property purchased as tenants in common between you and the LLC?
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25 September 2024 | 6 replies
Common questions I have been asked or had investors ask PMs while touring properties with them:What do you see is the biggest hurdle to your operations today?