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17 January 2025 | 20 replies
But because the duplex unit is smaller it is easier to maintain.
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9 January 2025 | 18 replies
Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status & maintain appropriate licensing and permits.
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6 January 2025 | 7 replies
Rules can change, and it’s better to anticipate potential restrictions down the road.Builder Restrictions: Builders sometimes place restrictions on rentals to maintain the "character" of the community, especially when they’re still selling units.
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6 January 2025 | 7 replies
It's very cheap and not difficult to maintain bond/license/insurance.
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7 January 2025 | 8 replies
The cost to maintain them probably wouldn’t be exactly 8x as compared to the single 8-unit, but it sure as hell isn’t a 1-to-1 ratio either.
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3 January 2025 | 2 replies
With less experienced or just poor planning operators, it isn't uncommon that they spend years distributing all the cash out to the owners, and then the time comes for a multi million dollar refresh to maintain the hotel brand, and no one wants to cough up the money back into the entity.
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6 January 2025 | 6 replies
Framing your position as fair such as explaining the difficulty of finding renters during off-peak months - might help maintain a positive relationship and reduce risks of property damage.Prepare for What’s NextEven if the tenant moves out early, ensure you’re protected.
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9 January 2025 | 17 replies
I'm a GC so I understand her predicament and realize maintaining relationships is critical.
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4 January 2025 | 4 replies
That's their required performance as well as maintaining the property/reporting issues.
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2 January 2025 | 1 reply
I believe we would maintain this setup if we purchase the property.