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1 May 2021 | 300 replies
I've lived in this house for 6 years and doubt I've spent $2000 total on repairs.I'm guessing that means you haven't yet had to replace the roof, or the HVAC system or the water heater or any other capital items that will eventually wear down (siding, gutters, electrical, plumbing, countertops, cabinets, appliances, etc).And keep in mind that repairs are only a small part of the 50% loss ratio you'll see -- the rest is taxes, insurance, vacancy/rent loss, property management, turnover costs, utilities, exterior maintenance, legal fees (you'll eventually have to evict someone), etc.It's not uncommon for the first few years (in your case, at least the first six) to cost significantly less than the average year.
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9 August 2022 | 38 replies
Sorry for the tough love, but managing property for others comes with significant legal risks and you need to be sure you're protecting yourself for that worst case (but not that uncommon) scenario.
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29 June 2023 | 31 replies
This is going to vary by market, but in the Smokies, it's not uncommon for off-season rates to be half what they are in peak season.
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11 December 2022 | 2 replies
This is suggested under specific circumstances and is not commonAnother uncommon scenario is when the financial institution that provides the life insurance may need to show cause for not properly providing the payment to the beneficiary.
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16 August 2023 | 25 replies
So they are not as uncommon as people think.
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8 January 2024 | 10 replies
Another aspect to keep in mind with these agreements - make sure you work with both your CPA and your attorney in drafting these option agreements.There can be a scenario (not that uncommon) where the lease option is not a sale for state law purposes, but it is a sale for Federal Income tax purposes.
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5 February 2024 | 4 replies
However, the complications you're facing are not uncommon in real estate transactions, particularly when dealing with seller financing and properties that don't meet traditional lending criteria "DSCR."
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12 February 2024 | 44 replies
In my experience it seems uncommon.
1 August 2022 | 38 replies
From this point on we probably won’t see another record price, at least for this year, for either the Bay Area or for the state," said Oscar Wei, deputy chief economist with the California Association of Realtors, who noted that it's uncommon to see such a sharp decline in June - which is typically the busy summer home-buying season.