That experience taught me the importance of leaning on local expertise, even if it feels like an unnecessary expense at first.One strategy I’ve seen work occasionally is offering the tenant a “cash for keys” deal, where you pay them a small amount to vacate voluntarily.

Personally, I prefer to target tenants with full vouchers, as they won’t have to pay anything out of pocket. 

And when those all got called and we had to mark to market it was beyond our capacity to just pay everything off we had to fire sale and lose millions.

It would certainly help to dispel all of the very real concerns we all have right now and potentially ease some minds for both current and future.

It came out to $823 in expenses and in the area Section 8 is paying $11400 to $1600 a unit.

This simply means you have language in your lease that states the landlord is responsible for paying utilities up to a certain $ amount (let's say $100 for the sake of argument).

I’m so happy to be here and would love to connect with like minded individuals 😁Welcome!

Because the owners of Licensing Experts pay ALL CASH, the closing usually occurs 3-6 weeks, which is very fast compared to traditionally financed commercial deals I've seen on Bigger Pockets.The whole thing hinges on their very clever technique of getting existing commercial retail tenants engaged, willing to move into their newly acquired properties who are coming up for a lease renewal or lease expiration, rather than marketing for new commercial tenants - which would take way too long.Licensing Experts is somewhat of a "front" for their Mentorship Platform, as they evidently have many of their own separate entities for which they use to actually purchase and close on their commercial properties assigned by their mentees. 

If you don’t pay the tax when you transfer the stock to them they’re going to owe the taxes on your gain and you haven’t really “paid them back”. 

If you have zero experience in construction, pay an experienced handyman a few hundred to make a quick assessment.