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5 July 2024 | 2 replies
Currently, the rental income would not cover the mortgage payments, but I'm considering refinancing if interest rates decrease (possibly conventional to free up VA entitlement) as well as adding a fifth bedroom to increase rental income.My Plans: I intend to retain the NC property due to a stable tenant with a recently renewed year-long lease.
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12 July 2024 | 281 replies
She skipped out and I retained the Security Deposit for the monies due on the balance of the Rent she owed me.
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3 July 2024 | 3 replies
Hi!
Between some others in my family and myself, we own a few different properties. Some of these are paid off and generating rental income that we rely on for living expenses. We are interested in buying a beach ho...
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3 July 2024 | 6 replies
We have instructed our contractors to submit invoices with a signed conditional waiver which will automatically signal our accounting team to release funds.
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10 July 2024 | 256 replies
Respect for the law should be more than a platitude.CANON 2 – COMPETENCEAn RMAI Member shall always demonstrate competence in their business operations which shall be revealed through the knowledge and integrity of the employees and vendors retained to manage the company as well as established corporate processes to ensure that such employees and vendors continue to receive education and training concerning best industry practices.Commentary:The public should be protected from employees who are not qualified to perform their job responsibilities on behalf of a Member.
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2 July 2024 | 7 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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2 July 2024 | 1 reply
Operational efficiency is also crucial; optimizing operating expenses and implementing tenant retention strategies, such as lease renewal incentives or adding desirable amenities, can stabilize your cash flow and reduce costs, helping maintain profitability even if rents decrease.Investing in property improvements, such as value-add opportunities and energy-efficient upgrades, can command higher rents and retain property value better than average units.
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2 July 2024 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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7 July 2024 | 89 replies
It may be the case that in the recent past the "noise" seemed to indicate that there were more of one kind than another - cash flow only, appreciation only, refi till you die, etc - but if you look beyond the noise to the signal it's a pretty steady drumbeat straight through.
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3 July 2024 | 36 replies
The moment you try to cancel they would take half of that amount as retaining feeA company dealing with such ethics are not to be done business with