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29 January 2025 | 10 replies
The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.
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8 February 2025 | 9 replies
Find a sponsor, reach out, tell them you're Canadian, they approve, review and sign LP docs, wire funds.
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10 February 2025 | 11 replies
Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T" ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario."
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4 February 2025 | 14 replies
Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.
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16 February 2025 | 8 replies
Don't try to save money by not using an attorney to draft docs.
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5 February 2025 | 6 replies
You are VERY easily able to open accounts remotely by just uploading your EIN doc and then once your biz account is open you can open additional accounts for things like holding your security deposits, reserves, etc.
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5 February 2025 | 3 replies
Just last week, the water heater (which was installed in 2020) suddenly leaked way too much water out of the overflow pipe and flooded a good portion of the basement.
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5 February 2025 | 5 replies
Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.
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14 February 2025 | 6 replies
Last year we had a water leak on a Friday night, we had somebody out immediately Friday night and came back on Saturday to do final clean up.
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27 January 2025 | 6 replies
Long term $ can range from 6's-10% range depending on all types of factors - LTV, location, unit count, debt coverage, borrower strength, full doc or lite doc programs, etc..