David Cheng
What do you qualify as a proof of funds?
4 November 2024 | 34 replies
To my surprise, I can count on two hands how many times a seller/agent has actually called/emailed me to verify the POF.Often, one can obtain a letter from their bank stating the account holder's name, the date, current balance, etc... and that should be more than enough to meet anyone's requests.
Sean Bramble
Offshore Virtual Assistant for STR management
28 October 2024 | 6 replies
Then I could step in if sh*t hits the fan, but otherwise would be hands off.Does anyone know what an offshore virtual assistant would cost for this per month?
George Bell
How to structure LLCs for rental portfolio
5 November 2024 | 28 replies
I know its expensive but you will be well protected :)Or you save a lot of money and be better protected by doing this consistently and well:-carry appropriate types and amounts of insurance-sign contracts with indemnification provisions- obtain all necessary licenses and permits to operate your business-ensure all vendors/contractors are licensed and insured and list you as additional insured-sign well drafted and fair leases and be a responsive landlord -be an active owner or hire an active PM who avoids or at worse timely eliminates premises liability exposure The strategies you often read about are sold by alarmist asset protection companies who fail to disclose how impractical they are.
Stefan St. Marie
How do you calculate gross revenue?
29 October 2024 | 9 replies
Since you asked about underwriting, you could potentially have other revenue such as add on services so I would t rely on solely platform revenue in this case.
Steve Tse
Tenant Rent Increase
2 November 2024 | 20 replies
Quote from @Henry T.: I used to even include a clip of the newspaper articles when a major levy was passed.
Mike Sarhan
Experience with a NYC SRO Building
28 October 2024 | 5 replies
Some of the laws in NY changed recently and you are required to obtain a certificate of no harassment, No permits will be issued until it is resolved.You will need to work with the current tenants for this certificate to be approved which can take up to a year or more, Definitely something big to consider.
William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
Despite one of the best cashflow and being t he 3rd most competitive market for renters we don't have a national rental company here (except Grape Vine dabbling a little)
Elias Camhi
Managing properties older than 1978? The EPA is requiring Lead certification.
28 October 2024 | 3 replies
Not may people know this is a requirement and certification has to be obtained by Landlords doing their own management to management companies as they believe we are acting as contractors.
Christina Barry
Renters Breaking Lease
28 October 2024 | 2 replies
In obtaining post-possession judgments for actual damages as defined in this section, the landlord shall not seek a judgment for accelerated rent through the end of the term of the tenancy.
James Wise
Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?
11 November 2024 | 65 replies
W-T-F "Bob"......