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30 December 2024 | 11 replies
I have been cautious about raising rents as I try to maintain goodwill with the tenants.
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18 January 2025 | 16 replies
Our lease had an early termination clause requiring a one-month payment, but that didn't seem fair to her as she hadn't even moved in.How would you handle a cancellation prior to moving in?
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16 January 2025 | 15 replies
I've never thought of a permission to show as wholesaling, but I guess it's fairly close now that you point it out.
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3 January 2025 | 18 replies
Quote from @Richard Kim: I'm a fairly new small time out of state investor who owns a couple multi-family properties in Cleveland.
15 January 2025 | 5 replies
My understanding was that since the previous landlord had it rented out, if i want to rent it it need to follow the rent control value they gave it (which was a fair number in my case).
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9 January 2025 | 9 replies
Regarding a 1031 exchange, while the property was rented and treated as an investment property during your deployment, if you maintained it as your primary residence for tax purposes, it may complicate eligibility.
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23 December 2024 | 9 replies
Use surveys to gather feedback on their experience.When tenants feel valued and respected, they’re more likely to take care of the property and renew their leases, saving owners time and money.Fairness with VendorsVendors play a crucial role in maintaining properties, and treating them fairly ensures they remain reliable partners.
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15 January 2025 | 144 replies
Since you retain control of your money, how does one consistently maintain 30-50% cash on cash return?
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13 January 2025 | 11 replies
Maintaining a financial track record for your project is facilitated by effective budgeting.3.
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31 January 2025 | 44 replies
See the chart from Fair Isaac Company (FICO) below: FICO Score Pct of Population Default Probability 800 or more 13.00% 1.00% 750-799 27.00% 1.00% 700-749 18.00% 4.40% 650-699 15.00% 8.90% 600-649 12.00% 15.80% 550-599 8.00% 22.50% 500-549 5.00% 28.40% Less than 499 2.00% 41.00% Source: Fair Isaac CompanyAccording to this chart, investors should use corresponding vacancy+tenant-nonperformance factors of approximately 5% for Class A rentals, 10% for Class B and 20% for Class C.To address Class C payment challenges, many industry "experts" are now selling programs to newbie investors about how Section 8 tenants are the cure.