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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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6 January 2025 | 7 replies
It's very cheap and not difficult to maintain bond/license/insurance.
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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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9 January 2025 | 17 replies
I'm a GC so I understand her predicament and realize maintaining relationships is critical.
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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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4 January 2025 | 4 replies
That's their required performance as well as maintaining the property/reporting issues.
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6 January 2025 | 9 replies
If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.
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2 January 2025 | 1 reply
I believe we would maintain this setup if we purchase the property.
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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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2 January 2025 | 0 replies
By building strong connections and sharing knowledge, we can support each other's journeys and uncover new pathways to success.Moreover, let's not forget the importance of maintaining a healthy work-life balance.