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12 September 2024 | 7 replies
Normal wear and tear refers to deterioration over time from ordinary use, but damage like a large oil stain in the driveway from a vehicle is preventable and would fall under tenant responsibility.
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12 September 2024 | 23 replies
That will solve the root cause.
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11 September 2024 | 2 replies
These changes aim to prevent future tragedies but have also led to increased financial burdens on condo owners, as maintenance fees are expected to rise significantly.Insurance Costs:In addition to legislative pressures, Florida condo associations are facing skyrocketing insurance costs.
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12 September 2024 | 0 replies
Tenant “Lock-In”: Long-term tenants may prevent investors from adjusting rents to market rates, limiting income potential even as property expenses increase.
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11 September 2024 | 4 replies
At least that way you can feel confident that the additional leaf guards etc will truly prevent it from happening in the future.
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10 September 2024 | 3 replies
If it is a retention pond, then it is permanently holding water to prevent downstream flooding.
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10 September 2024 | 8 replies
And, I'm closing a commercial property that requires $300K down and the closing date is Oct 15.If I pay the income tax, I will not have enough fund for downpayment.But if I don't pay the tax, I may get a tax lien on my company which may prevent me from getting an approve for the mortgage plus I need to pay around $10K penalty.And, if I get a $200K loan, they may put an lien on my company and potentially prevent me from getting a mortgage too.So, what should I do now?
12 September 2024 | 9 replies
Open to how you screen and prevent problem children!
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10 September 2024 | 11 replies
Create a penalty/fee that prevents loss of income.
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11 September 2024 | 10 replies
Simon, Here in FL its much easier for us because we know a few things:1) The U.S. is severely under supplied in housing units. 2) Tons of people are moving to Florida everyday which makes point #1 even more drastic for us. 3) Interest rates are preventing people from selling their homes, because then they would need to re-trade for a higher interest rate buying a new home, which is creating even more housing demand.So with this knowledge, now we move to more market specific data, which is what I talk about in the original post.If a market shows decent growth and demand, then it all boils down to the numbers.Its important not to forget about any costs though.