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6 January 2025 | 6 replies
Framing your position as fair such as explaining the difficulty of finding renters during off-peak months - might help maintain a positive relationship and reduce risks of property damage.Prepare for What’s NextEven if the tenant moves out early, ensure you’re protected.
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5 January 2025 | 4 replies
Best way to find end buyers is to ensure it's well marketed - Professional photos, professional clean prior to listing, aggressive list pricing.
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18 January 2025 | 36 replies
You can also tell her to call the utility company about the best way to save, as turning off heat and on is not efficient having to run longer blasting out cold air as opposed to leaving it set at a lower temp. :)
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2 January 2025 | 1 reply
A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.
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9 January 2025 | 30 replies
The ways around that are to build a business around supporting their voucher and inspection program and spending no small amount of effort ensuring they are smoothly servicing your rentals.
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2 January 2025 | 10 replies
I do also want to ensure this doesnt happen again and if needed work to evict.
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5 January 2025 | 9 replies
They'll also help ensure everything is in compliance.
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14 January 2025 | 28 replies
This is for 3 properties I use spreadsheets, that I also provide to my clients if they don’t have a good accounting system. it can be a lot of work with making sure you have all the receipts, issuing 1099s, ensuring you have deductions, etc. as such, I recommend doing bookkeeping monthly. what’s funny is that as a tax preparer and advisor, the majority of the time isn’t spent entering numbers on a return.
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3 February 2025 | 56 replies
Buying and rehabbing ensures you grow at a pace you control.
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4 January 2025 | 5 replies
The overall LTV (including all 3 mortgages) will be key and your selling point will need to be that the 2nd mortgage ($8k) will burn off in 2.5 years (based on your surprise that it was even out there, I'd recommend that you follow up in 2.5 years and ensure that it's been satisified, so that it doesn't surprise you again in the future).Does the $8k grant vest over the 5 years?