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Results (10,000+)
Tyler Bettencourt property tax due while my property is for sale
26 August 2024 | 3 replies
You asked about a property you have listed for sale and property taxes that are coming due and the consequences of not paying them until the property sells.Generally, the local taxing authority will impose an interest penalty on any unpaid balance after the due date with a long grace period before you would have to worry about unpaid property taxes affecting your ownership of the property or your ability to sell.In all likelihood, the property taxes will become a part of the closing and will be deducted from your proceeds at the time of sale.By the way, property taxes are always in first lien position ahead of any other debts like mortgages.
Cecilia Hagan Insights on Pet Ownership with Renters 2024
26 August 2024 | 2 replies
I think it's easy for those of use who manage dozens or hundreds of rentals to be comfortable with pets because we see that it's a net positive.
Nathan Niemiec Story by J.P. Morgan Feedback
26 August 2024 | 14 replies
Our tenants have also given us very positive feedback about their experience with it, and nearly all of them use the online portal to pay their rent.
Sanjeev Advani Global Real Estate Developments: Key Updates from Denmark, Ireland, France, and Beyon
26 August 2024 | 0 replies
This deal, valued at over €200 million, positions TPG to take advantage of Ireland’s robust housing demand, especially in the greater Dublin area where Quintain’s land bank could produce up to 7,700 new units.France: Quick Office Lease-Up at Paris Mixed-Use ComplexIn France, the office component of the Emblem complex near Paris is quickly filling up.
Cheryl Daniels Positive lead Dust Test
21 August 2024 | 1 reply
One of my vacant rentals tested positive for lead dust.
Todd Allen Texas Windstorm on small house?
25 August 2024 | 8 replies
That said, if you've been a landlord for years and have niche relationships with contractors / roofers (or do the work yourself), then it would seem you're in the ideal position to make this decision. 
Masyn Grant Barney Value Add House Hacking
25 August 2024 | 5 replies
They are some of the more sought after homes, and it can be tough to get a good deal if you aren't well positioned.
Abdi Muya In desperate need of guidance
28 August 2024 | 39 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Robert Rixer Creative Ways to Boost NOI
23 August 2024 | 4 replies
@Robert Rixer, I don't know how creative these are, as many are common plays:Valet TrashFencing in first floor yardsProviding washer and dryers for added rentReserved, Covered parkingTech PackagesInternet and Cable contracts, with reimbursementsPayment Plan rents, with small service charge (i.e. bill 1/4 rent each week)Reserved Rental cabanas at poolPrivate pool party rental optionGolf Simulator in clubhouse - fee basedOn site, self serve car wash (quarter feeder style)Charged group fitness/personal training servicesGame room in clubhouse with monthly subscription for tenants (Xbox, Playstation, etc)Changing out high maintenance grass for astro turf or lower maintenance/lower water use shrubberyBut ultimately, I think a lot of NOI increases come from deep dive into understanding EVERY expense and finding ways to minimize them, and/or no outsource them.Train maintenance team on basic HVAC and appliance repairs (find way to get them licensed as needed)Buy paint sprayers for faster, easier turns versus having to hire a contract painter, and possibly repaint whole unit each timeStandardize all finishes, so you can buy in bulk, everything from hinges and door knobs to cabinets, paint colors, and light fixtures.Potentially get leasing people onto lower base salary with higher bonus potentialBulk/bundled insurance across portfolio (even better at scale is to self insure)Regularly test sprinkler systems for leaks.Non-NOI, but benefit to you: partner with insurance agency to get referral kickbacks from your tenant base for renter insurance.  
Kristen Franks Wholesaled my very first deal!
25 August 2024 | 1 reply
I hope to make a bit more on deals, but not loosing money with a huge learning curve is a positive.