Rick Ilich
Deed restrictions removal question
10 January 2025 | 3 replies
If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.
Stefano Vrolijk
First investment property as a foreign citizen
12 January 2025 | 12 replies
When it comes to getting approved for a loan, the process can be a bit more complicated for foreign citizens.
Micki Ray Harper
Must an evicted squatter be given notice in a quiet title process in Alabama?
30 January 2025 | 10 replies
It's complicated.
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.
Chris Clarkson
Selling business/building and want to reinvest into real estate
17 January 2025 | 11 replies
@Chris Clarkson, having a partner can complicate things for sure if you're not united on direction.
Jonathan Baptiste
How to stock your airbnb best practices
18 January 2025 | 16 replies
The more you provide, the more complicated it gets for your cleaner or whoever manages quality review.
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
Renting to a friend can complicate things, especially if you're starting below market rent.
Katie Southard
Really want my rental in an LLC
14 January 2025 | 1 reply
So I am less concerned with that one at least for the time.I enjoy researching many things and solving complicated problems, but figuring this out has not been one of them.
Drew Sygit
A Logical Way to Understand & Monitor Your PMC's Maintenance Charges!
26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
Samuel Hudson
Weehawken rent registration
15 January 2025 | 5 replies
The rules are pretty complicated and the only people who really know all the terms and rules thoroughly are the Rent Levelling Board.Caveating that I’m not an attorney so go seek your own advice but I clarified a few things at a recent rent levelling hearing (which are open to the public and you can find the schedules with a simple Google).