
26 August 2024 | 9 replies
If you have a property management company handling your property they will also typically charge you a lease renewal fee when renewing existing tenants.

26 August 2024 | 23 replies
Then charge her pet fees, pet rent, additional deposit and additional rent for the extra people and demand a 2 year or longer lease.Then you can get them a second room and find a place that allows dogs.Red roof Inn is cheap.Maybe just do a couple nights while the bathroom is being redone and have contractor work around them for the other stuff Tell the contractor you'll give him a bonus if he can work longer days and finish sooner.

26 August 2024 | 24 replies
I have had clients switch lenders over $500 on fees.

27 August 2024 | 6 replies
If the home inspection does not address the electrical and plumbing enough you may wish to have an electrician and a plumber come in, for a fee, and have a look at your system.

26 August 2024 | 17 replies
But none of your fees should be a surprise or up in the air!

26 August 2024 | 10 replies
I have heard a lot of investors are wary of design fees associated with achieving a well designed property, so I went virtual.

27 August 2024 | 5 replies
q=f8z5B-7KWMortgage DetailsHome value:$495,000Down payment:20.00%Loan amount:$396,000Interest rate:6.10%Loan term:30 yearsStart date:Aug, 2024Property tax:$6,000.00PMI:0.50%Yearly Home Insurance:$3,000Monthly HOA Fee:$0BalancePaymentsTaxes & FeesInterestPrincipalBalance20242029203420392044204920540150k300k450k015k30k45k Mortgage Repayment Summary$3,149.74Monthly PaymentPMInot required$99,000.00Down payment amount20.00%Down payment %Jul, 2054Loan pay-off date$467,906.17Total Interest Paid$500.00Monthly Tax Paid$180,000.00Total Tax Paid$250.00Monthly Home Insurance$90,000.00Total Home Insurance$37,796.87Annual Payment Amount$1,133,906.17Total of 360 Payments

26 August 2024 | 10 replies
Such service would on your behalf appeal the property tax assessment (each year, if you wish), and if a reduction occurs, they take a percentage fee from the appeal to bill you.

26 August 2024 | 8 replies
Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

26 August 2024 | 4 replies
I submitted the affidavit of continuous use executed by seller with each application and for one I was issued a billing statement for the back rental license fees, interest and penalties and for the other I was issued a refusal and had to seek a variance.