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21 January 2025 | 8 replies
The Chicago Association of Realtors'® specifically state "When you become a Dual Agent, you owe equal fiduciary duties at that point to both parties in the transaction, and you lose the ability to negotiate for, strategize and advise either one."
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29 January 2025 | 3 replies
This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.
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28 January 2025 | 0 replies
Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.
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27 January 2025 | 1 reply
The signing parties are "stopped" from saying anything different after they sign the letter.Each Tenant Estoppel Letter states the attached copy of the tenant lease is accurate and was signed by the tenant, there are no other written or verbal agreements, the tenant has paid rent through a certain date, and there is no prepaid rent other than the current month.
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30 December 2024 | 3 replies
Looking to see if anyone has a basic template of an operating agreement for a business partnership of two parties involved in the fix and flipping business?
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4 February 2025 | 2 replies
.- Put Upward pressure on real estate operating costs: Increased costs for raw materials and supplies, and the likely increased costs for labor involved in many real estate related CapEx and maintenance projects signal the risk of increase in costs for real estate operators.If there is no impact on near-term supply, a modest slowing of inbound (illegal) migration, more reason to believe that the cost of many goods and services will increase, and real reason to believe that inflation triggered by something other than an increase in the money supply (namely the cost of specific goods and services that are NOT housing going up, which comprise the CPI) will force the Fed to raise rates, this, on the whole, is not good for real estate investment returns.
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31 January 2025 | 7 replies
Buildium's 3rd party will issue the 1099 to the PM company.
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23 January 2025 | 2 replies
There are a few options(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there.
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15 January 2025 | 12 replies
A property allowing one-night stays may be more prone to fraternity parties and similar.
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1 February 2025 | 15 replies
The absence of a personal guarantee from any disqualified persons is still required, just as with third-party financing.