Tom LaRocque
Higher deductible killed conventional and FHA - Now what?
16 November 2024 | 3 replies
I just had to fight tooth and nail to close a VA condo purchase for a client with a POA that was actually fairly well run, relatively speaking.
Connor Bartle
Malicious Tenant Ran was for 2 months
8 November 2024 | 2 replies
2) Property Preservation: as the owner you have the right to protect your property - even during an eviction. 3) Monitoring Utilities: you should have been receiving the water bills.
Mad Dendukuri
When is relocation to tenants required for doing repairs
13 November 2024 | 8 replies
It's better to preserve a healthy relationship with the tenant than save a few bucks.
Melanie Baldridge
One of the best strategies?
26 November 2024 | 4 replies
It hits the nail on the head.
Rene Hosman
Have you ever offered rent concessions to entice potential renters?
25 November 2024 | 16 replies
For larger buildings with financing, it's worth the administrative burden and the potential for higher churn, just for the sake of preserving occupancy.
Troy Froistad
Can you add cleaning to a lease?
12 November 2024 | 8 replies
This needs to be highlighted in the lease and acknowledged by them.Security Deposits: You can’t use their security deposit for routine cleaning, but if they leave things in bad shape beyond normal wear and tear, it’s fair game to deduct cleaning costs.I’d start by having a straightforward talk with them about the importance of keeping things clean for health reasons and property preservation.
Henry Lazerow
Chicago anti gentrification ordinance has passed
7 November 2024 | 15 replies
Here is an update : https://chicagorealtor.com/advocacy/advocacy-resources/northwest-housing-preservation-ordinance-issue-summary/The DOH has posted the forms required to be in compliance with the ordinance which means any properties not under contract by 11/9 will need to be pulled off the market and 30-60 days notice must be provided before listing.
John McCarthy
How to deal with a very difficult tenant
9 November 2024 | 7 replies
You have the right to enter the property to preserve the property.2.
Gustavo Delgado
why should we still invest in real estate?
28 November 2024 | 17 replies
You want cash from them and value preservation.
Rod Merriweather
Trying to Scale- Lending Help Needed
26 November 2024 | 17 replies
Their promise to package your properties into a commercial loan after reaching 5 properties could free up your DTI and provide a line of credit for scaling.Consider delaying aggressive HELOC repayment to preserve cash for new purchases, and explore portfolio loans or DSCR loans as alternatives.