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12 July 2024 | 11 replies
I'm really feeling dumb and naive, thinking I didn't investigate the lender more thoroughly.
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12 July 2024 | 6 replies
You can find free training (I'm not in any way affiliated but have gone through it and it's quite thorough) at LandConquest.... if I put the ending might get blocked but Google is your friend.
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12 July 2024 | 4 replies
If you don't thoroughly understand the agreement you signed with the tenant, take it to real estate attorney so you can get advice based on the facts of your lease agreement.
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12 July 2024 | 19 replies
When your documentation is thorough and all procedures are correctly followed, you can typically achieve a favorable outcome in having the tenants removed.I've done it many times with out the need for an attorney.
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12 July 2024 | 7 replies
Partnering with experienced investors can provide valuable insights.5.Creative Financing:Explore creative financing options like seller financing or private lenders to secure better terms.6.Rent by the Bedroom:In high-demand areas, renting by the bedroom can boost your rental income significantly.7.Local Market Analysis:Stay updated on local market trends and network with other investors for insights and opportunities.Always analyze potential investments thoroughly and run detailed cash flow projections.
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11 July 2024 | 3 replies
I would do the following, at a minimum:-request that he complete your rental application (hopefully you have a thorough application),-request identification documents (government-issued),-require that he provide you with proof of his visa status and the authorized length of stay,-verify his employment, income, and financial stability, and-contact his previous landlords for references.If he cannot satisfy these application requirements, do not approve.
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13 July 2024 | 9 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
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14 July 2024 | 27 replies
Thorough research, understanding local regulations, and strategic planning are essential for successful house hacking.Good luck!
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13 July 2024 | 20 replies
There is a difference between an operator who did not communicate any problems until the email about the capital went out and the operator who was constantly updating investors on the asset and the difficulties and challenges and preparing investors for the possibility of a capital call prior to actually going through with a capital call.I think the biggest lesson I have learned as an LP over the past few years is that I will absolutely require consistent, thorough and realistic communication from any operator I invest with.
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11 July 2024 | 1 reply
By thoroughly vetting prospective tenants, property owners can reduce the likelihood of problematic tenancies.- Maintaining Property Value: Renting to reliable tenants who pay on time and take care of the property helps maintain its value.