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13 October 2024 | 9 replies
The average price per land for urban infill going 6-12 stories high on a higher density product is about 5 million an acre up to about 25 million an acre. downtown market premiums I've seen at the highest are 1200 a sq ft. in columbus you can get land about 1.5 million per acre downtown at best price, sells for about 600 a sq ft max, very little competition compared to miami. tampa I didn't really look at too much because miami has 22 zip codes that you can build at least 6 or 8 stories on and just a much better landscape than other markets. tampa is a little bit bigger than columbus but in my opinion more of a suburban market. miami is landlocked and very limited so everything is in redevelopment. both are amazing opportunities but the barrier to entry is much higher in Miami with the smallest plots of land infill going for at least 1.5 million I would say in areas like Wynwood Norte, Wynwood, etc. we looked all over but prefer east of 95 due to the condominium opportunities. multifamily is very strong in both markets but the condo premiums make it almost silly not to do one from the start and the use of deposits versus a single asset lease up and disposition is a longer sales cycle than the condo buildings being sold out prior to completion.
5 October 2024 | 10 replies
Here's an explanation of the law: https://portal.ct.gov/dob/rental-security-deposits/rental-se...You must send an itemized list of deductions.
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9 October 2024 | 16 replies
Of those that require repairs, everything is covered by their deposit.
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8 October 2024 | 1 reply
Agent just alerted me to the new Maryland HB693 bill that went into effect Oct. 1 2024 limiting security deposits to 1 months rent.
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9 October 2024 | 2 replies
As the current tenants been there for some times, deposits as well as the rents seems to be lower than what the market suggests.
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11 October 2024 | 13 replies
Currently, my setup is a separate bank account with it's own debit card to hold deposits, track expenses, and track income.
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11 October 2024 | 21 replies
In Florida they tenant loses their deposit and has to pay double rents.
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10 October 2024 | 24 replies
You can do things like request updated tenant information, new signed leases that kick in at close of escrow, rekey or get key copies, estoppel agreements (outlining the deposits held by the selling owner), etc.
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11 October 2024 | 56 replies
. - Making sure their responsibilities and your responsibilities are clearly defined, giving heads up about workers coming in to do upgrades/maintenance, being proactive about renewals, deposits, strict about the lease agreement (but lenient when it makes sense), etc. has been instrumental. 2.
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9 October 2024 | 11 replies
Cost of Tenant rollover (after the security deposit is applied)Avg.