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4 February 2025 | 87 replies
As we know stuff happens, if things change and can't assure that appropriate value-add at entry, it takes some exceptional integrity to tell those throwing $ at one "sorry, it's a no-go at the moment, we simply don't have viable enough deals to enter at this market timing" and risk they get imbedded with others.
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3 January 2025 | 7 replies
The owner doesn't really benefit much except for not having to pay a mortgage anymore?
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8 January 2025 | 7 replies
.)- All in Cost = Cost to build * Square foot - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost accounts for agent fees and closing cost- Initial List Price = Sales price + 10% A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.
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5 January 2025 | 24 replies
I may give an exception if at least 5 years have elapsed, but not for something that recently got voted down.
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9 January 2025 | 12 replies
Personally, I follow this standard for every application I receive:- Income of at least 3 times the monthly rent (verified through the employer)- Credit score of 580+- Rental verification with past landlords (no outstanding balances, no late payments, and the property left in acceptable condition)- No history of collections, evictions, or criminal offenses- No overdue debt (except medical debt)This process has helped me place quality tenants over the years.
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10 February 2025 | 62 replies
There are of course some exceptions to this, but I am speaking more generally here.
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3 January 2025 | 12 replies
If you are gonna say no you can say it's policy to not provide deposits back until the end of the lease and we don't make exceptions unfortunately. you also did not note but how much is the pet deposit ?
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4 January 2025 | 9 replies
The only exception I use is when the property is a high-end unit.Informative title makes your property look like a cheap business but it is still way better than common titles like cute, adorable, cozy.If you are charging over 1k per night, I think it is better to give more high-end title like Stay with 30,000 trees, tingle your inner artist with lake front retreatJust my opinion :)
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15 January 2025 | 145 replies
You're essentially doing the same type of strategy except you're not putting your precious primary home at risk.
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3 January 2025 | 14 replies
From what I’ve heard, properties that emphasize tranquility.. like offering outdoor seating areas, fire pits, or even something as simple as a hammock.. tend to perform exceptionally well in remote settings.You’re spot on about STR policies in Johnson City versus Knoxville.