Fagbedji Aubin Ahossi
new member introduction
6 January 2025 | 2 replies
Let me know if I can provide any additional tips or resources to help.Best regards,Sadler Surratt
Christi Wolverton
Credit card payments declined
16 January 2025 | 6 replies
Letting someone out of the lease is not the same as nullifying that the lease ever occurred; it is just an agreement that you won't go after any additional months of future rents that would otherwise be owed.
Rachel Jane
Rent or sell
20 January 2025 | 7 replies
With your additional $100,000, you’d have a nice cushion to renovate or furnish a property like that.It really comes down to how involved you want to be and your long-term goals.
Steve S.
What type of locks do you use for external doors on your rentals?
25 January 2025 | 18 replies
.- Logically, there really is no additional security provided with both keyed doorknob & deadbolt, but a deadbolt is more secure than a keyed doorknob.- Since you need a key to lock a deadbolt when you leave the premises, tenant's can't lock their key(s) in the home and then pester us to come let them back in.--- Tenants can still lose their keys outside their home:(
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
This would depend on whether your property is overvalued by the tax assessor and in turn you are paying additional taxes on that additional valuation.
Carlos C.
Mark J. Kohler consultation
31 January 2025 | 22 replies
However if you had done a warranty deed (or a special warranty deed if you still have a mortgage on it) instead, your LLC has a claim against you for the issue on the title, and you in turn can go back to your initial title insurance to fix it.Some title insurance will allow to transfer the coverage to an LLC that you own 100%, but not all of them do or they may require an additional fee.
Alan Asriants
The realities of when you start acquiring more units - unexpected vacancy
14 January 2025 | 9 replies
Still, this is a poor time in the rental season and 1 months rent can be expected as a cost of vacancy (in addition to the cost to clean and touch up - $900) .Finally and I hope this is is the last one lol - Another tenant is moving out Jan 31st and this unit also requires a full cosmetic rehab.
Kevin M.
Condo Investment in NYC
7 January 2025 | 12 replies
In addition, condos tend to not appreciate as fast in value compared to single-family or multi-family homes.
David Shaun
Hit $200K in Cash Flow in 2024
16 January 2025 | 38 replies
Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too?
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
24 January 2025 | 36 replies
My best understanding from talking to reps is they have one local employee (in addition to vendors like cleaners, landscapers...) per 10 listings/properties.