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2 August 2024 | 12 replies
@Nicholas Pisano real estate investing is a long-term game, not overnight.Have seen many newbies jump in a buy several properties, then when things don't go according to their unrealistic plans, freak out and sell at a loss.A past client is doing that right now - they bought 5 properties from a high-pressure agent, hired us, micro-managed us to try to meet their unrealistic expectations, terminated us and hire another PMC to "save" their portfolio and went that didn't work out, are now selling 3 at a loss.
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31 July 2024 | 37 replies
Hello everyone,
I am a seasoned property manager in Central Florida. I’m currently observing an interesting trend in the Central Florida market where a noticeable number of short-term rentals are being converted into...
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31 July 2024 | 1 reply
Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.
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31 July 2024 | 3 replies
Something else I noticed on the first page of Offering is "The notes are being offered until the earliest of...[] December 31 2024, which may be extended in our sole discretion, or the date on which we terminate the Offering."
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30 July 2024 | 3 replies
Also, I would recommend getting from the tenant in writing that they agree to terminate the lease and have you refund upfront funds to Lemus.
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29 July 2024 | 21 replies
Battery tech is changing the game but it's insanely expensive.
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29 July 2024 | 14 replies
Batteries are at 98% so that isn't the issue.For those that have other smart locks, have you seen anything like that?
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30 July 2024 | 4 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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31 July 2024 | 7 replies
The insurance deemed my unit "unlivable," and my tenant terminated their lease.- Fortunately, my insurance policy covered my lost rent.- Recently, my property taxes increased, making my monthly payment to the bank $2,200.
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30 July 2024 | 0 replies
usp=sharingCurrent Rent Long Term in 22302: $1800-$2200/moCurrent Rent Short Term AirBNB in 22302: $2000 - $3000/moCurrent Comparable properties at this price range (are condos with 500-$1100/mo condo fees)just some snapshots I took, not the professional photos.