
2 February 2022 | 14 replies
I imagine going through sites like city data (although data here seems two years old) that has extensive data that goes through age, employment/unemployment, crime rate, etc.

11 November 2021 | 8 replies
You indicate you know the law (assuming including the rent control law), but here are some thoughts:You can only legally terminate the tenant for a rehab extensive enough that tenant cannot occupy unit or to move in close family if your lease indicates that moving in family member is a reason for tenant termination.

30 October 2021 | 1 reply
If the bridge loan is coming due and you need more time you could ask the lender for an extension.

1 November 2021 | 2 replies
The following are a few that comes to mind:(1) Holding cost/s to fix these properties far outweigh the profit the company was going to make after rehab.(2) The turnaround time to fix these properties is untenable due to the shortage of labor costs.(3) The inflated acquisition price, coupled with an extensive long lead time of raw material have exasperated the new supply of new housing inventory.(4) Institutional investors are selling/bailing because of the sentiment of https://tinyurl.com/Shoeshineboyindicator.(5) And last but not least, the AI algorithm has taken into account the above parameters and predicted a bearish outlook for the subject housing market segment.With all of the above in play, what?

1 November 2021 | 5 replies
After touring the house, I consider he probably cannot move all his stuff out by tonight and so I gave him two days of extension (until 11/2) but will start deducting his security deposit at a prorated basis starting 11/3 if he still can't move out by 11/2.

6 November 2021 | 50 replies
@John Clark Thanks for the extensive explanation.

4 November 2021 | 12 replies
Hello all, was just informed me that my tenant who just signed 1 year extension on his lease told me he's closing on a house in 45 days and wants to break his freshly minted lease.

1 November 2021 | 1 reply
I am looking at a property in Pearl River, NY that needs extensive rehab.

7 December 2021 | 3 replies
I was initially more interested in appraisals, but the training/education is much more extensive and it's not something I can do as soon.

10 November 2021 | 8 replies
Expenses not including mortgage debt in long term rentals are typically 40% (think high rent, high class area without extensive HOA or melo roos) to 65% (lower rent areas for example $500/month).