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11 May 2024 | 10 replies
Most of the time people will open doors to closets and cupboards, turn water on and off; but they shouldn't be going through dressers and definitely should not allow their kids to jump on beds.
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9 May 2024 | 12 replies
Where was the water leaking into, the attic?
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10 May 2024 | 30 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.
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10 May 2024 | 0 replies
Strategic partnerships and alliances have enabled industry players to pool resources and expertise, ensuring the success of new projects in a challenging market.As we look towards the future, it is clear that the “Missing Middle” will continue to be a focal point for residential construction and development in the southeastern US.
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10 May 2024 | 6 replies
You need first to verify they are okay with this.You must be very careful since if any investors are "passive," it becomes a syndication, and then you must consult an SEC attorney.It sounds like your investors will pool their funds together (they probably will create one LLC) and become a 2nd position lender.
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10 May 2024 | 6 replies
All things being equal, I'd rather not have an HOA with fees, but a family friendly neighborhood with amenities like a pool and playground may bring in a higher rent than other comparable non HOA properties.I don't prefer an HOA, but it's not an automatic deal killer.
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10 May 2024 | 8 replies
I purchased a 3/2/2, 1366 sqft rental home built in 1986 (roof 8-10 years, no pool, smoke alarm, etc) in May 2023.
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10 May 2024 | 23 replies
Last night after work I had to fix a water heater on one property, a water line leak under a sink at another property, and work on an HVAC unit at a third property.
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10 May 2024 | 1 reply
My boss just decided to deny an applicant who has a Utility Collection (like Water, Electric, and gas), and I'm struggling with my criteria.Any Idea will do.....
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10 May 2024 | 2 replies
So how are banks, lenders, and investors navigating the turbulent waters to mitigate risks and seize opportunities.Banks' Resilience and Caution: Despite reports of office towers selling at steep discounts, major banks have managed to dodge significant losses in the face of mounting defaults.