Michael Calvey
Unpacking the Rent Crisis: It's Not Just Greedy Landlords..
6 August 2024 | 54 replies
To me the issue isn't charging fees and making profit as much as it is doing so without providing tangible value in returnA business exchange should result in value added not extracted—charging a 50% leasing fee to then only do remote showings, charging a $25/mo smart-home fee because of an added a $50 wifi-enabled thermostat My clients pay management fees as high as 20%, none lower than 13%, and in return they receive comprehensive property managementMy residents pay nothing other than rent, because they're not clientsI can't complain though, because if it weren't for the industry's standard practices becoming this way, I wouldn't have my niche
John K.
What can I do with $140K cash?
11 August 2024 | 49 replies
That enables you 10% nominal anual returns while it's still very liquid (fast and easy accesible cash).If you want to invest into real estate, why don't you look for seller finance or rent to own deals?
Chris Utter
My new Zillow account got Disabled. I am not sure why. Do you?
7 August 2024 | 26 replies
It took a couple of days of back and forth to enable.
Paul Post
How much info can a PM share with a landlord?
9 August 2024 | 47 replies
Here's the language I use:Consent to Contact References and Perform Credit CheckI authorize [Type Agent Name Here] (“Agent”) to obtain, and to share with [Type Landlord Name Here] (“Landlord”), information about me from my credit sources, current and previous landlords, employers, and personal references, to enable Landlord and Agent to evaluate my rental application.I give permission for the Landlord or its Agent to obtain a consumer report about me for the purpose of this application, to ensure that I continue to meet the terms of the tenancy, for the collection and recovery of any financial obligations relating to my tenancy, or for any other permissible purpose.I authorize Agent to share my completed rental application (along with any supporting materials) with the Landlord.Applicant signature: _________________________________Printed name: ______________________________________Address: ____________________________________________________________________________________Phone Number: _____________________________________Date: ______________________________________________
Jeff G.
Proposed Rent Increase Limit of 5%/Yr Nationally?! Seriously?
12 August 2024 | 39 replies
How do the "sheep" of these politicians simply enable this cycle and therefore continue to create false hope that anything other than the market will actually help solve the issues?
Dylan Speer
Subject-To Deals Risky?
12 August 2024 | 37 replies
If the loan on the property is a significantly below the current interest rate, and the buyer also saves origination fees and costs, this enables the seller to demand a higher price while the buyer still obtains his ROI objectives 3.
James McGovern
Does this type of mortgage product exist?
5 August 2024 | 12 replies
I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have a cash-out refinance the same day to extract some of my capital back out.
Scott K.
What's more economical: multifamily vs. single family + outside rental
7 August 2024 | 7 replies
If so,Have you considered renting and turning your current unit into a rental investment (enabling a 1031 exchange after 2 years of rental income) ?
Frank Patalano
So what's holding you back?
19 August 2024 | 3705 replies
However, it has been hard to extract the equity I have in my house to use on another property, I finally found a lender who will do an equity line of credit on an investment property and am currently going through that process.
Gladys Villa
First family home or real estate investment?
7 August 2024 | 15 replies
This enabled me to raise cash from the assignment fees.