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31 March 2022 | 14 replies
Basically, as mentioned above by others, there are a lot of yellow flags for the following reasons:-The tenant may want you off their back so they can participate in illegal activity -The tenant may want to STR the property (not necessarily a bad thing--you can actually make more money this way by partnering with a tenant to do this--it's only bad if they are trying to do it without disclosing to you and obtaining your permission to do so)There a couple a reasons why someone may want to pay rent upfront with good intentions:-Perhaps they are a student who took out a loan for student housing (or their parents are footing the bill and wish to pay for the entire semester/year upfront)-With today's housing shortage, perhaps they have had so many issues competing for houses they want to remain competitive with other applicants in this market by using this negotiation tactic The way to protect yourself is to do exactly what you and others said: solid screening/background check and if it were me, I'd also ensure my tenants knew I'd be doing lots of (legal) checks on my property through the year.
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15 April 2023 | 12 replies
To say there is a shortage of homes for sale is an understatement.
1 September 2017 | 15 replies
Prices are a lot higher recently since there is a shortage of inventory in general but there are always deals to be found.
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19 October 2017 | 2 replies
That with the new builds in Elverta, Antelope, Roseville, Natomas will we still have the crazy amount of housing shortage in sacramento that we do currently?
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18 October 2017 | 3 replies
Also typically the highest and best use of them is to be converted to condos, which further exacerbates our shortage of this asset class.
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24 May 2019 | 16 replies
It looks like there may be a shortage of long term rentals for all the tourism employees, so I am thinking about that too.
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8 February 2018 | 4 replies
If you're looking for hard money, there is no shortage of them available online (FaceBook, Linked-In) in assorted REI Groups but you will certainly want to use someone local.
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15 February 2018 | 9 replies
The Boston market is still a WILD seller's market and there is still a severe shortage of inventory.If you have a property that you're considering selling, this looks like a GREAT time to do it.Here are the highlights:Average sales price across all properties is up 23.7% over 1 year ago.The number of homes for sale is down an astonishing 42.2%.The number of "months supply" is a breathtaking 0.9 months
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11 November 2017 | 2 replies
Hello - I am have well qualified client looking to purchase public shortage units in Los Angeles area or surrounding areas.
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14 February 2018 | 9 replies
As far as tiny homes...it's really hard to be the first at anything on this island, not that it couldn't/shouldn't work given our housing shortage, just not for me.