Collin Hays
Get Out Now
16 March 2024 | 58 replies
For example, Vermont's recently proposed a 10% surcharge specifically targeted to STRs and not hotels, while other proposals have sought an outright ban on non-occupied short term rentals.
Tommy Dians
Is using a lease addendum to extend a lease ok after expired term for a M2M Tenant?
15 March 2024 | 4 replies
Further it gives you a cause of action for tenant holding over when the lease ends, which many a landlord were very thankful for during COVID.You can always add a month to month addendum in the future if you come to an appropriate rent for a proposed month to month tenancy.
Logan M.
Making Changes via HUD for Manufactured Homes?
14 March 2024 | 2 replies
That trend stopped after the 70's but manufactured housing was a major contributor towards creating stable affordable housing.If we want to tackle our housing shortage we need to get serious about it.Here is a quick summary of the HUD changes: HUD Actions for Manufactured Homes and Communities:HUD announces a comprehensive set of actions to increase availability and affordability of manufactured homes.These actions are part of the Biden-Harris Administration's Housing Supply Action Plan.Manufactured housing is a key component in the strategy to boost housing supply and reduce costs.Preservation and Reinvestment Initiative for Community Enhancement (PRICE) Program:HUD launches the PRICE Program, a $225 million competitive grant opportunity.The program aims to preserve and revitalize manufactured housing and communities.Funding supports repairs, rehabilitation, replacement of units, infrastructure upgrades, and community resilience.Available to states, local jurisdictions, tribes, nonprofits, community development finance institutions, and other eligible entities.FHA Draft Policy for Manufactured Home Communities:FHA posts a draft policy to solicit public feedback.The policy aims to promote stability and affordability for individuals and families in existing manufactured home communities.Allows resident-owned cooperatives and mission-oriented borrowers to access FHA-insured financing for purchasing or refinancing.Updates to FHA's Title I Manufactured Home Loan Program:HUD announces updates to FHA's Title I Manufactured Home Loan Program.New methodologies for calculating loan limits to align with current market pricing.Expects the new loan limits to incentivize more lenders to participate and expand program usage by buyers of manufactured housing.Annual Recalculation of Title I Loan Program Limits:FHA will recalculate Title I loan limits annually to keep pace with home price changes over time.This ensures that the loan limits remain aligned with market conditions.Ginnie Mae's Title I Loan Securitization Program:Ginnie Mae takes steps to reinvigorate its Title I Loan Securitization program.Revisions to financial eligibility requirements for Title I Issuers to reduce barriers and increase lender participation.HUD's Ongoing Support for Manufactured Housing:These actions build on HUD's continuous efforts to support manufactured housing.Earlier actions include a proposed rule for the Community Development Block Grant (CDBG) program emphasizing the needs of manufactured housing communities.Recent Updates to CDBG Notice:HUD updated the CDBG in Support of Housing Activities notice to allow the use of funds for acquisition of manufactured housing units, services to homeowners, and investments in infrastructure and resilience for manufactured housing communities.
Account Closed
tenant wants to stay for 3 years+, what to do?
15 March 2024 | 25 replies
Propose a flat rent for 2 years, slightly higher than their current rate, say $2,895, and include a predetermined annual increase of $2-3%.
Oscar Toledo
Billboard lease proposal...how much for a lease?
12 March 2024 | 19 replies
We recevied a proposal from a billboard company to build a full sized billboard. the research has been conducted and a written lease has been written and presented to us for 1k/mo, 20 years + 20 yr option, with 10% rate increases every 5 yrs.
Nathanael Stice
Partial lien release advice
13 March 2024 | 1 reply
To start the process they require: 1) letter of intent; 2) lien release proposal written with attorney or title agent; 3) survey with descriptions of before and after.
Cameron Kline
Too good to be true
13 March 2024 | 8 replies
I had a meeting with an agent/investor I’ve known from my kids school and he had an interesting proposal but I wanted to see what others thought.
Anthony Freeman
Three replacement properties
13 March 2024 | 5 replies
Consult with a tax professional familiar with your state's laws.The Biden Administration's proposed FY 2024 budget includes the creation of “capped deferral” for 1031 exchanges.
Rob Titus
Beginner LLC question
13 March 2024 | 12 replies
You can sign proposals with contractors to do work for you and pay them out of your business account with them being employees.
Chris Terborg
[Calc Review] Help me analyze this deal
13 March 2024 | 7 replies
Issue I am having is that this falls below the 2% although I am able to aquire for less than the max proposed price.Using the 70% rule it works.