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16 March 2024 | 58 replies
My comments were more directed to those that simply paid too much, are under current financial pressure, and not sure what to do next.
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16 March 2024 | 8 replies
I've looked at a lot of condos and houses in the past few weeks and from being in the field I can tell you that the transaction volume is picking up again - a lot of places are going into contract and prices are holding up well.My two favorite investment opportunities right now are single family homes in the top areas that your budget can afford and condos in buildings that were launched 4-6 years ago, are now in the market and have a lot of selling pressure because people who bought pre-construction want to sell and take profits.
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16 March 2024 | 36 replies
@Amirra Besh If you call any agent, they will typically charge 1 month of rent to find a tenant.Just like in a sales transaction, where the buyer's agent and listing agent split the commission, an agent will offer another agent that brings a tenant 50% of the one-month of rent as commission.Many owners are trying to put pressure on PMCs to lower this fee because they think the monthly management fee should cover at least part, if not all, of this.Here's were penny-pinching owners screw themselves: PMC's will charge lower than the one-month of rent, but they offset it and do NOT tell the owner the negative repercussions!
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15 March 2024 | 21 replies
This is not legal advice please consult with you attorney).Consider a step-by-step process increasing the pressure on the tenant with each step while accumulating documentation (which will be needed in Eviction Court):As per the prior comment, first contact the State Agency sponsoring/funding the Section 8 payments and document for them all the issues to see if a resolution can be reached.
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13 March 2024 | 6 replies
Like many other community owners, I have looked to solar to improve safety in areas that would be hard to reach with current infrastructure.A few considerations are deciding how they will be mounted, your budget, and how bright you want them.
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15 March 2024 | 43 replies
Because of the way the place is set up it makes the most sense to mount inside.
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14 March 2024 | 13 replies
I prefer to go outside of primary markets (Raleigh/Durham) where there is no cashflow to more peripheral markets like Rocky Mount, Louisburg, Wilson, Roxboro ... and so on.
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15 March 2024 | 17 replies
The next step isn't to pay someone a ridiculous amount of money to pressure you in to taking action, it's just taking action and learning.
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15 March 2024 | 20 replies
This is putting downward pricing pressure on the classes below it, as people move up for a comparably better unit at a relatively reasonable increase in cost.
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13 March 2024 | 5 replies
Generally speaking, most states will not allow any sort of camera to be mounted facing an area where the tenant would have an expectation of privacy, which would include the entire interior and possibly the back yard too.