Raghavendra Jakkani
Tenant screening with child support
29 October 2024 | 6 replies
@Raghavendra Jakkani first, agree with everyone else about every occcupant 18+ being screened & signing the lease, with one exception - an occupant that is claimed on another occupant's tax return as a dependent.
Pete Schiebel
Is it common to require first and last month's rent for new tenants?
30 October 2024 | 12 replies
I absolutely collected first, last and security for my class-C rentals until NYS prohibited that practice back in 2019.Many tenants cannot manage their money properly, so this mitigates the issue of not being paid last month's rent when they need to move and the new landlord is receiving those funds they have allocated for their housing during the last month of their stay.This was also helpful to me to pre-screen who has their financial house in order and had saved for their moving costs as part of their planning.If I still could, I most definitely would - without exception.
David B.
Does satisfying the first mortgage clear out the 2nd LIEN?
28 October 2024 | 8 replies
I believe in Florida, HOA liens have priority as of the recording of the declaration of the restrictions except for first mortgages where the lien has priority as of the recording of the lien.
Becca F.
Do PALs from RE offset capital gains from stock dividends and another question
29 October 2024 | 12 replies
Dividends, Capital gains in general are considered 'portfolio income' and not necessarily considered active/passive.Therefore, passive losses from rentals won't help to offset your portfolio income(Interest, dividends, capital gains).There is an exception if the capital gains comes from a passive activity.I.E. the sale of a rental property
Renee Coss
Real Estate Investing
27 October 2024 | 13 replies
I paid off all debts with the exception of my home; and now i feel i am ready to start in real estate.
Tyler Herman
Fix and Rent and DSCR loans Sub $100k Properties
28 October 2024 | 8 replies
So any additional exceptions, whether for purchase price or even total loan amount, would be more likely if you can show a healthy SREO.
Josh Cochran
Western Wealth Capital: What do you know about them?
31 October 2024 | 37 replies
I think they are well run except issue.
Isaac S.
Delaware Statutory Trust DST 1031 Difficulty Giving up control
12 November 2024 | 171 replies
Both interest rates and tenant behavior have had major negative impact.Smart buyers can always find advantaged acquisitions from a true financial fundamental real estate perspective in DSTs, but it’s the exception, not the rule.
Angel Peng
Good cause eviction
27 October 2024 | 2 replies
Check out the exceptions to the law as it does not apply to all rentals:https://www.nyc.gov/site/hpd/services-and-information/good-c...If it did apply to you, month-to-month agreements would still allow you to do rent increases any time.
Bill Schrimpf
BP Featured Agent Program
5 November 2024 | 52 replies
Now granted, so far that is the exception, but if I can use that to keep the leads coming and find a way to use that to get more organic leads here (which I've also had a few) that would be great.