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3 January 2025 | 2 replies
If not, the only requirement may be filing plans with the dept of buildings.One of our contractors does the bulk of his work on contracts with NYC.Mainly work related to bathrooms & tiles/flooring, I will shoot you a PM if I can get any information on this.All the best!
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23 January 2025 | 31 replies
Using a family address could expose you to unnecessary risks in the event of any legal or financial issues related to the business.Additionally, these virtual offices often provide extra services like mail and package handling, telephone answering services, and access to meeting rooms, making them a more professional and practical solution.
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2 January 2025 | 18 replies
In-person behavior can be grounds for rejection, would suggest documenting the behavior and related risk to further protect yourself.
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2 January 2025 | 0 replies
Numbers 2 and 14 seem to fit - the others are related to inflation and a tech bubbleclick to enlarge2.
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3 January 2025 | 11 replies
None of this directly relates to landlords reporting rent payments.
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3 January 2025 | 3 replies
I concur with @Patricia SteinerIt's essential to review your lease to check for any clauses related to pest control.
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9 January 2025 | 16 replies
@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.
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11 February 2025 | 183 replies
The goal is to become an expert on ADU's and the sub-topics that relate to them.
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4 January 2025 | 35 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, 1-3 years for positive cashflow, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, immediate cashflow and at the lower end of relative rent & value appreciation.
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9 January 2025 | 35 replies
This would be the safest approach but also, anyone that is worried or has extra strict oversight in their area could simply avoid anything alcohol related in their packages.