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26 December 2024 | 4 replies
But, they have ZERO liability for the performance of that tenant.Second, 97%+ have no idea on how to screen a tenant, other than income = 3x rent and a credit score.
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4 February 2025 | 17 replies
They don't deserve my money if they can't perform those tasks.
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27 January 2025 | 56 replies
It's very easy for us to lose sight of these truths and blame performance on over-saturation and legislation.
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20 December 2024 | 12 replies
One positive I can see is it could help some tenants boost their credit scores, while also incentivizing them a little extra to pay on time.
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31 December 2024 | 13 replies
Contractors performing structural, electrical, plumbing, or HVAC work are required to have the appropriate licenses issued by the City of Chicago.
29 December 2024 | 13 replies
Aaron I would not pay but if they wanted to have this added I would have a licensed electrician perform the work.
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5 January 2025 | 33 replies
That said, I’ve found that properties in C-class neighborhoods tend to perform best with Section 8 tenants.
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30 January 2025 | 48 replies
With $750K, start by focusing on cash-flowing rental properties in stable markets like Indianapolis, Kansas City, or Birmingham, blending appreciation and income.Use financing strategically to scale while preserving liquidity for value-add opportunities like BRRRR or small multifamily properties.Allocate a portion of funds for flips or mobile home parks to diversify and boost capital.
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26 December 2024 | 3 replies
The return on equity is probably very low considering they are paid off so maybe explore refinancing or selling the lowest performing one(s) or your biggest headaches to reinvest in more lucrative deals.I noticed you also used a metric of number of rentals to attain your goal rather than $$$/month.
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26 December 2024 | 2 replies
Always perform thorough market research and verify the numbers on any property you consider.