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27 October 2024 | 8 replies
Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI) and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.
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31 October 2024 | 12 replies
Probably smart to take a break a couple of years of this market, I think you are coming back at exactly the right time - on the cusp of the next boom market
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30 October 2024 | 4 replies
Another afternoon, at the Maryvale court, a teenage couple and one of their mothers discussed strategy in the hallway, fussing over a thick stack of documents.
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27 October 2024 | 1 reply
I plan to live in one side and rent the other out for at least 2-5 years then will either get a property manager (preferred) or sell.
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29 October 2024 | 33 replies
I do owe a monthly mortgage payment on a couple of them and have one that is free and clear.
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24 October 2024 | 7 replies
The tenant moves in next week and I will be doing a unit walkthrough and orientation with him where I will go through the key parts of the lease since he didn't sign it.A couple other things that are different from typical MTR stays:- They are not using my property management software (RentRedi) to pay rent.
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27 October 2024 | 7 replies
I would share with a good potential tenant but I wouldn't while showing, just my preference.
27 October 2024 | 10 replies
We have equity lines on properties in the US so we could pull out some equity, but would prefer to finance as much as possible.
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29 October 2024 | 2 replies
A local handyman would fit that bill, and perhaps a couple who could shop for and bring in the consumables.
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26 October 2024 | 7 replies
Most loan packages include something you sign that says that you will cooperate with them to correct any technical errors like this and I believe it also includes the ability for them to sign for you if you don't but obviously they prefer to have clean paperwork where you have signed it.