Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
I have thought about Fundrise (medium success when I invested there), Crowdstreet (I have not invested there but might consider), farmtoghether (20k invested there already) and groundfloor (bad experience so not looking to invest there).Any advice will be appreciated.There is no greater wealth than peace of mind - Buddha - you have not been into syndication and crowdfunding mess looks like :-) it always looks green in other side of the road LOL
Travis Daudelin
Renting to an in home health care agency?
25 December 2024 | 12 replies
The places are kept clean and In perfect condition.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
But using that mindset, so is landscaping, plumbing, or clean out during turnover.
Maxine Antoine
New Member From New Jersey
27 December 2024 | 20 replies
@Jonathan Greene Thank you for welcoming me and for your insight.
Rory Thomas Niccum
Rental Property Profit
25 December 2024 | 0 replies
New 200 amp circuit panel, Culligan water softner, new washer/dryer, and a deep clean Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
Some growth along I65 between E-town and Bowling Green as well.
Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
It'll need some trim and paint on the inside as well as some cleaning and minor touch-up, so I wouldn't consider it far off from being rent ready.I am interviewing property managers now and trying to ask all the right questions.Thank you for sending over those articles.
Aaron Provencal
Note investment that generated $100k in 2.5 years!!!
26 December 2024 | 2 replies
We could have saved some money starting to clean up the property if we had only checked in with the neighbors first.
Matthew Drouin
Good Cause Eviction Law Passed - 3 Things You Need To Know
30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
Shannon F.
VRBO Damage protection and guest verification
27 December 2024 | 2 replies
The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.