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26 February 2024 | 5 replies
Lots of issues to consider like title insurance, due on sale, comingling of funds, IRS red flags etc.
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26 February 2024 | 3 replies
For starters, if you want to manage properties for others, you should get licensed as a real estate broker and pull insurance.
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28 February 2024 | 127 replies
If you're unable to do the block glass like you mentioned, it shouldn't be a problem to have a brand few frosted glass window installed (which is standard practice for a privacy area like that anyway).
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25 February 2024 | 12 replies
I've been sending out a cleaner every other week and just wondering if that's standard across other travel nurse units
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26 February 2024 | 5 replies
I ask because I am up here in Pinellas by the Gulf Beaches and our 2-4 Units run between $300K to $650K.Miami 2-4 Units run between $850K to $1.8Million and the Taxes and Insurance premiums are higher.
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26 February 2024 | 14 replies
For the other quad, you should have more options (standard conventional or DSCR).
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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
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27 February 2024 | 19 replies
Whatever risks might come with an "amateur" faucet installation are outweighed by cost, and should already be covered by insurance anyway.
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26 February 2024 | 3 replies
I have not even made any cash flow from a month to month basis and the current rent does not fully cover property tax, insurance and mortgage.
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26 February 2024 | 9 replies
For commercial loans 5-10 years is pretty standard usually I structure my loans with banks at 5 years fixed followed by 5 year variable hybrid.