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18 January 2025 | 36 replies
Very simple - tell them to call me if they can't figure it out.I would not tell the tenant what I was doing and if it was ever discovered that I had done it - I would explain that I did it as a standard safeguarding of my property - in case the original thermostat should ever fail while no one was there to monitor the space temperature - the backup thermostat would save us all from freezing damage.
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30 January 2025 | 45 replies
Property values and interest rate (but with higher standards) were lower in 2012 than 2007.In general it is often true, but not always.
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4 January 2025 | 11 replies
. § 2A:18-61.1(f) is an indefinite standard and difficult to measure.
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6 January 2025 | 25 replies
You need to up your standards or life as a Landlord will be very difficult.One violation and I would evict.
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2 January 2025 | 11 replies
When they eventually move out, I plan to do a full renovation to bring the unit up to high-quality standards and maximize its rental potential.I’m happy to connect if you ever want to chat.
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3 January 2025 | 12 replies
By adhering to our standard procedures, we’re able to maintain consistency and fairness across all tenants, avoiding any perception of favoritism.Thanks again for your feedback!
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8 January 2025 | 29 replies
So they need to meet your standards, right?
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7 January 2025 | 19 replies
Or try the reverse - rehab a property in a Class D Neighborhood to Class A standards and see what Class of tenant you'll get.
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17 January 2025 | 20 replies
However, with a SFH you will lower your standards when vacancy arises more than one month as you have no income coming in to male that payment.
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7 January 2025 | 12 replies
@Augusta Owens here's some copy & paste info you won't find in a book:)-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?