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24 July 2024 | 4 replies
The 4-quads are about 2x in price and cash flow about the same and maybe slightly lowerI see the advantage of 16-unit as rent upside w value add and reno, same PM team (same for both cases though)For the 4-quad: financing is easier and can sell individually.
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25 July 2024 | 3 replies
On the topic of your house hack, it will make the most sense to house-hack with a duplex, triplex, or a quadplex as it might be more difficult to explain to a VA lender that you will be house hacking (Sharing or renting out rooms) on a VA loan with a SFH.
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24 July 2024 | 3 replies
Increased rents, renovated all units, added $75,000 in leasehold improvements, converted tenants from M2M to annual.
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24 July 2024 | 7 replies
Then, on your taxes, make sure that Schedule E is filled out for the room/unit that you rented.
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25 July 2024 | 5 replies
Check on Zillow to see what other long-term rentals are going for in the same area - if the monthly rent you could get would be worth it for you to achieve your longer-term investment goals, then it might be an option worth considering.
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24 July 2024 | 1 reply
While most tenants are great, occasionally we come across difficult ones who create challenges like frequent unjustified complaints, non-cooperation, late rent payments, or lease violations.
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23 July 2024 | 5 replies
Condition of one side is not up to current standards for market and rents are below market value.
24 July 2024 | 6 replies
Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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23 July 2024 | 12 replies
@Dena Puliatti do you have a sense of rents ($/sq ft) in neighborhoods with good schools (8+ rating)?