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13 February 2025 | 1 reply
I'm willing to help this person in any way I can.
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19 February 2025 | 9 replies
Hey @Andrew Self Are you going to buy a property through an LLC or your personal name?
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28 February 2025 | 14 replies
A smart, hard working person could use this info to avoid many costly mistakes and near replicate the process.
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27 February 2025 | 3 replies
RE investing has been something I wanted to do personally.
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27 February 2025 | 0 replies
Here’s a breakdown of the pros and cons of each approach based on my experience:Tenant Swapping:Pros:Tenant Retention: Keeps the property occupied, which helps avoid vacancy periods.Minimizes Turnover Costs: No need for cleaning, marketing, or re-screening tenants if the new person is already known.Flexibility for Tenants: Can be seen as a more tenant-friendly approach, allowing them to find a replacement without facing penalties.Cons:Risk of Unknown Tenants: The new tenant might not be as reliable as the original one, leading to potential issues down the line.Lease Violations or Delays: If the new tenant doesn’t meet the lease requirements or fails to sign a new agreement, this can lead to complications.Operational Complexity: Keeping track of the lease terms, managing paperwork, and ensuring proper screening for new tenants can increase administrative work.Notice for All (One Notice to Vacate for Everyone):Pros:Clear Expectations: Everyone knows what’s expected, and there are no surprises with last-minute tenant changes.Consistency: Easier to manage leases and tenant turnover with a straightforward system.Quality Control: You can screen all tenants that are moving in, ensuring the new occupant meets your standards.Cons:Longer Vacancy Periods: The property may stay vacant for longer, especially if finding a replacement tenant takes time.Tenant Frustration: Current tenants may not be happy with the requirement to vacate, even if they want to stay.Marketing and Re-screening Costs: You’ll have to go through the process of finding and screening new tenants, potentially leading to increased costs and downtime.I’d love to hear what others are doing!
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2 March 2025 | 9 replies
Rates are typically 8-9%+ and it's underwritten based on personal income.
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2 March 2025 | 0 replies
Even if you delete the text messages from your phone, they’re still logged.Call & text forwarding – Keep your personal number private with a dedicated business number for tenant calls and messages you can use for your rental properties.
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16 February 2025 | 8 replies
I do have an agent I know personally but she's only in the area at certain times of the year.Section 8 would be better than nothing.
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28 February 2025 | 9 replies
I have personally house hacked for over 10 years and continue to do it to this day, right here is St.
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28 February 2025 | 15 replies
He told me to fill in an application that asked me personal questions, like goals, financial status etc and then have a call with one of his sales guys.