I strongly believe in routine rent increases and my tenants are not surprised when they get them, but to be clear, I don’t have 120 Tenants that are asking for a reduced rent or I would be forced to re-evaluate my market conditions.

Be comfortable being uncomfortable.

Be comfortable being uncomfortable.

@Tiana Perry I’ve found that many folks are uncomfortable with the whole concept of “shadowing”, but more than willing to get together for coffee.I fall into that camp, and if you go to a local real estate meet up such as the R.I.

Routine maintenance was done on a volunteer basis by about 5 of us.Over time the mechanism lost efficiency, the water table dropped, and the feeder pipes became corroded and allowed bacteria to leach into the water. 

That is what you want to provide and people are will to pay for this experience while they are using their vacation days to get away from their normal life and routine.

Be comfortable being uncomfortable.

Call me back after 8pm (routinely),  who do you want me to call for that (when I provided a vendor list).

While two reps from the same firm will quote you the same rate, their ability to execute the loan can be night and day different.In regards to pros and cons ... think of the lending world as falling into 3 primary buckets: 1) traditional banks and credit unions (ie, Wells, BofA, Chase, etc), 2) mortgage banks (ie, Caliber, Quicken, Fairway, etc), and 3) mortgage brokers.Traditional Banks: (they do loans and hold deposits)Pros: because they tend to do such a large volume of loans, they are able to offer low rates ... they have the ability to do portfolio loansCons: very slow turn times - if you need to close quickly, they're generally unable to perform ... they tend to use national appraisal management companies and appraisal issues are common in competitive markets.Mortgage Banks: (they only do loans - no deposits)Pros: have the ability to close loans much faster - some of the local mortgage banks that we work with on purchases will routinely close loans in less than 14 days ... they often setup their own appraisal management companies and are able to improve the appraisal quality by ensuring the use of local appraisers.Cons: while they should be very competitive with their rates, they're not going to be the absolute lowest ... portfolio loans are generally not an option - they need to sell their loans right away so they can get that money back to lend it out again.Mortgage Brokers:Pros: they will have access to a bunch of different lenders and loan products, so they can submit your info to whichever one is offering the best terms at that moment.Cons: they have no control/influence over the underwriters or the timeframes ... they're generally forced to use national appraisal management companies, so appraisal issues are more commonHope this is helpful and good luck with the refi!

Bundling properties often creates more difficulty than it helps including:1) Most lenders have a preferred property type (or even geography) and when you bundle two with different stats (like high occupancy and low occupancy) it results in them being uncomfortable with one of them, hurting their terms on the one they liked.2) When you bundle parks together, it can cause problems if you then want to sell one, as you have to often break apart the loan and the defeasance cost (on conduit) is massive.That being said, all that matters is the actual situation and the lender at hand.