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28 November 2024 | 10 replies
Many investors choose a profit-sharing model for true equity partners, often splitting profits 50/50 or based on the level of their contribution to the deal, but ensure everything is clearly defined in writing to avoid misunderstanding/miscommunication.
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4 December 2024 | 37 replies
As a result, I am committed to ensuring that other investors and professionals do not experience similar issues in the future.
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27 November 2024 | 7 replies
I would increase their deposit by that amount to ensure you have enough to cover an empty tank and a month of lost rent.
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29 November 2024 | 2 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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30 November 2024 | 11 replies
The tenant is now citing 1941.1 and implying that I need to pay for monthly spray.Under California Civil Code §1941.1, landlords are required to maintain rental properties in a habitable condition, which includes ensuring the premises are free of pests that compromise livability.
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6 December 2024 | 51 replies
In community property states, what’s needed to ensure that the INCREASED VALUE OF AN ASSET, LIKE A BUSINESS, DURING THE TIME OF THE MARRIAGE is separate property is a POST NUPTIAL AGREEMENT.
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29 November 2024 | 6 replies
This is to ensure that both parties are aware of the loan and to protect the lender's interest in the property.
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28 November 2024 | 10 replies
Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.
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27 November 2024 | 11 replies
Ensure that the savings from the new loan outweigh the costs of the prepayment penalty and any closing costs involved in the refinance.6.
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29 November 2024 | 18 replies
This would help ensure that we take the appropriate steps to address the issue and prevent it from happening again in the future.If it turns out that my unit is the source, I will take responsibility and address it promptly.