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6 October 2024 | 8 replies
Think about how you will use that data besides just scratching an itch and decide if it is worthwhile.For example, if you have a lease for $2,000 per month, how important is it to look back over the past couple years to see how much the tenant paid each month versus what your property manager already provides and knowing you got $24,000 in rent last year?
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4 October 2024 | 8 replies
They should keep detailed records, including photos of damaged property, repair estimates, and receipts for items like cars and appliances.
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2 October 2024 | 2 replies
I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.
7 October 2024 | 10 replies
The intent of FHA was to promote primary residence home ownership not investing portfolio building so they put this rule into place.100 Mile rule basically says that you cannot use rental income offset from a lease agreement on your current house to help you qualify for the next property when using FHA loan to qualify.How do you get around this?
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1 October 2024 | 12 replies
They both signed the lease.
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7 October 2024 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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4 October 2024 | 11 replies
I signed a 1 year lease last month so kinda stuck in that until fall 2025 (unless I broke lease or paid massive amounts to cancel it).
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4 October 2024 | 2 replies
It will contribute to the importance of insurance (and contracts).I leased a Panama City, Florida, bay front fixer from a man that lived/worked out of the country.
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4 October 2024 | 3 replies
In the lease agreement we have, there is a section for "Destruction of Premise".