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12 October 2024 | 25 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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8 October 2024 | 4 replies
If I was your buyer, I would have liked to see an accent color on the shingled areas under your roof gables, but again a lot of this is personal.
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10 October 2024 | 9 replies
Also, make sure you have an emergency fund to cover six to twelve months of expenses before you buy a house.
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6 October 2024 | 7 replies
So long story short we have a traveling nurse staying at our rental that got some water damage when the roof was being replaced, they don't have renter's insurance (which we require in the renter's agreement they sign), water damage has been remedied and is cosmetically minimally affected and still very much in a liveable state.
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9 October 2024 | 9 replies
I would advise against for residential customers, since those units are simple and have straight forward maintenance that can be covered in an annual “tune-up”.
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9 October 2024 | 3 replies
Let me break down a few key points and strategies to help you out:Fix-and-Flip Loans (90% LTC / 100% Rehab): When a lender says they’ll finance 90% LTC (Loan-to-Cost) and 100% of rehab, they mean they’ll cover 90% of the total project cost, which includes the purchase price and renovation.
10 October 2024 | 0 replies
For example, a buyer may be willing to purchase a property needing repairs, take on existing tenants, or be willing to cover some or all the closing fees.Of course, selling in a hot market means you may pay inflated prices on another property.
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9 October 2024 | 9 replies
Your mechanicals and capital expenditures are a lot more important and more expensive to fix than a pretty kitchen. its better to live in outdated kitchen and have a well kept home with updated mechanicals/roof/hvac than one that looks pretty but will start to crumble5.
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11 October 2024 | 9 replies
When this Policy applies, guests can cancel their reservation and receive a refund, travel credit, and/or other consideration regardless of the reservation’s cancellation policy, and Hosts can cancel without fees or other adverse consequences, although their listing’s calendar will be blocked for the dates of the canceled reservation...What Events Are Covered...Government travel restrictions.
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10 October 2024 | 6 replies
Their E&O insurance should cover this.You may need to file something with the local or state Board of Realtors and attorney general.