Linda Roberts
What is a right way not to renew lease with a problem tenant?
30 June 2024 | 9 replies
If pressed, I would only offer "we made a business decision", but even that is going to prolong a conversation you would prefer not to even have.
Grace Simpson
Help me decide: Owner-Builder vs. GC
1 July 2024 | 14 replies
For example, an experienced plumber may suggest putting hammer arrestors on a plumbing system, to help alleviate potential water hammer problems (knocking noise) and prolong the life of components/fixtures/appliances, but the local building code may not require them.It would also depend on what you are doing the work for and how the deal #'s pencil out.
James Carlson
18 offers, 12% over list price .... Market going bonkers again?
30 June 2024 | 54 replies
I don't think if rates dip we see take off, I think we see a furious initial uptick but it'll actually be flat to a net asset value decrease over a prolonged period such as 12-18 months.
Jennifer Hillberg
Best way to rehab a wood floor on a rental-to-be
27 June 2024 | 20 replies
Think of it as a very prolonged, unglamorous yoga session.
Andreas Mueller
It's Good News Week! Why we may be in a 10-year growth cycle, circa 2009-2018.
19 June 2024 | 0 replies
Never again.For the last 15 years we have really been living in a prolonged recovery period, IMO.
Frank Barletta
Houston: F the Weather but invest anyways.
18 June 2024 | 0 replies
Regular maintenance of the wood (staining and sealing) will prevent weather-related damage and prolong its life.Fencing: The wooden fence offers privacy and security.
Carlos Ptriawan
as unemployment would be 100% going up next year and higher chance of recession
20 June 2024 | 245 replies
I can really keep adding more data and information if you push me into this ;-)be careful out there ... maybe nothing maybe prolonged recesssion, just be careful LOLNow is from Citibank :https://www.cnbc.com/amp/2023/09/29/citigroup-ceo-sees-crack...Citigroup CEO Jane Fraser sees 'cracks’ emerging among some consumers as savings dry up
AJ Wong
Overcoming STR search regulations, frustrations and hesitations: There is no STR Hack
11 June 2024 | 1 reply
Prolonged enthusiasm can be exhausting (failed offers, tours, travel) one way to remain engaged is to stay connected and in constant communication.
Jessica DiPonziano
Squatters insurance, yay or nay?
9 June 2024 | 12 replies
Sadly, my neighbor said the non-paying tenants are purposely breaking things in the house to cause violations and prolong the eviction process
Tyson Scheutze
The Price of Property Management
8 June 2024 | 1 reply
These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.