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22 November 2024 | 9 replies
I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.
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25 November 2024 | 19 replies
This might be a good option to streamline communications and you can start building SOPs based off the types of inquiries you're getting.
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26 November 2024 | 17 replies
Feels like the most straightforward plan to get from point A to point B and sometimes it pays to KISSAcknowledging that I don't know all the numbers you are working with, but if each deal costs an extra $3k-$5k, but because of the efficiency of DSCR loans and the ability to ignore your DTI, you could maybe squeeze an extra deal or two a year in?
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23 November 2024 | 0 replies
Efficient Renovations: Focused on high-impact upgrades like modernizing the kitchen and bathrooms, improving curb appeal, and installing energy-efficient features, which are highly desirable in this competitive market.Optimizing Layout: Evaluated the property's layout to ensure it met modern buyer preferences, such as creating open-concept spaces.
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3 December 2024 | 19 replies
This yields the % up or down we are in the current Q relative to the last fully closed Q, so as the transactions roll in each day I get an idea of the current Q's direction.I'll always advocate for building your own tools so you can build them to suit whatever your development schemes require for the best experience, efficiency, and confidence.
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24 November 2024 | 1 reply
You will note there is no mention above about being a good communicator.
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25 November 2024 | 6 replies
Working with contractors can be extremely difficult as projects get delayed and there is poor communication(red flags were not present before project began).
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23 November 2024 | 38 replies
It is much more efficient to spend some time up front to really understand the market.
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21 November 2024 | 10 replies
They stop rent and communication.
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1 December 2024 | 68 replies
Since September communications have been weak at best though.