Tammy Elias
Change in Management
15 January 2025 | 8 replies
She's not going to have any leg to stand on in court if you get that far unless there's some explicit language prohibiting the owner from assigning responsibilities to another legally authorized party, and I'm guessing there isn't if another PM company was maintaining the lease and provisions - and the fact that the tenant was voluntarily working with the other PM confirms the acceptance of an authorized agent even if it's not explicitly stated, the same way if you accept rent from a tenant after a lease expires you imply acceptance of the lease terms continuing (which is why you should always have a holdover provision).
Anthony Vaganos
DCSR vs Conventional with transfer tax
19 January 2025 | 8 replies
For most investors, to provide true separation would be cost prohibitive (between $10k-$15k).
Paloma Wodehouse
Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
Federal Laws Prohibit Discrimination of 7 Protected Classes, Massachusetts has added 8 more:-02.Always know more of the Rules/Laws/Regulations than ANY Tenant.
Marcus Stokes
fix and Flip
18 January 2025 | 21 replies
I do not recommend someone who has never owned real estate to do a fix and flip as real estate is challenging and cost prohibitive, I recommend if never owning real estate to start with an asset that does not need major repairs.
Zach Denny
Partial Seller Financing
9 January 2025 | 5 replies
Most banks/credit unions have clauses that prohibit borrowed down payment funds or seconds on the property.
Ricardo Polanco
NYC Short Term Rental legal advise
15 January 2025 | 9 replies
Here is a video that runs down the basics - https://s-media.nyc.gov/agencies/specialenforcement/01-Legal...There is also a prohibited building list - https://www.nyc.gov/site/specialenforcement/registration-law...Here are some more info overall - https://www.nyc.gov/site/specialenforcement/registration-law..All of this makes STRs in the city pretty tough but it certainly not impossible.
Christopher Hu
First Rental Property listing questions
29 January 2025 | 5 replies
I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental.
Zachary Young
Where To Buy My First Rental Property
24 January 2025 | 55 replies
I have been in Milwaukee WI for quite a while as investing in my backyard in NY is cost prohibitive. good luck on your journey!!!!
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
That is in addition to clauses that require anyone that stays more than 7 nights in 12-months to apply (then it becomes our choice if they are treated as a temporary occupant or tenant) and prohibition of subleasing.
James Carlson
Are STRs as we know them dead in Colorado (and other places)?
27 January 2025 | 56 replies
Nashville, Dallas, etc etc)Yeah, I know states like Florida and Arizona have prohibited local municipalities from restricting non-owner occupied STRs.