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12 June 2024 | 7 replies
There is no way you should be getting almost daily repair requests ("Every morning I am reluctant to open my email because there is another issue"-which may have been an exaggeration").
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12 June 2024 | 17 replies
Thank youI understand what you are saying but if I have a 5 mile drive to work daily I do not need to have a ferrari.
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11 June 2024 | 1 reply
Cross reference these with projections from a local propriety manager and/or your own protected daily, occupancy and operational costs. 6.
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10 June 2024 | 0 replies
Late fee is considered reasonable if it is not more than 12% of the rent for the rental period under the lease for a dwelling located in a structure that contains not more than four dwelling units or 10% of the amount of rent for the rental period under the lease for a dwelling located in a structure that contains more than four dwelling units or the late fee is more than the applicable amount but not more than uncertain damages to the landlord related to the late payment of rent, including direct or indirect expenses, direct or indirect costs, or overhead associated with the collection of late payment.A late fee may include an initial fee and a daily fee for each day any portion of the tenant's rent continues to remain unpaid, and the combined fees are considered a single late fee.
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9 June 2024 | 6 replies
Otherwise, you'd need to based the financing based off of the purchase price (possibly plus renovation).Since Conventional rates change daily and the rates have jumped recently, DSCR rates actually are in similar range at the moment.
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14 June 2024 | 101 replies
Indeed, keeping the lights on is a big job, given that we are responsible for the well-being of over 1,600 roommates on a daily basis!
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15 June 2024 | 87 replies
What would you say Don if a borrow called and said they were told NOT to tell you, to keep it secret, how high would the hairs on you're arm raise?
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7 June 2024 | 2 replies
This is becoming a problem and my PM is really starting to pull her hair out.
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12 June 2024 | 57 replies
I felt that my sales rep only really knew 90% of the product but I feel the knowledge gap is actual daily use in the product.
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11 June 2024 | 46 replies
Then just take that polished-sales comps function, and run every new listing in your area through it, and you get what I called the Daily Spread Analyzer in my Page 1 reply.As for how to do CMA/Comps, it's as easy as pulling up the neighborhood on RedFin (ideally 0.25-0.75mi max), adding filters to match similar BR/BTH/SF Ranges, and then sort by Highest Price to Lowest Price.