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4 November 2024 | 4 replies
Excessive complaints or three violations in three years could lead to losing the ability to operate.Impact on Neighborhoods: Non-owner-occupied STRs (Type 2) may cause friction in residential neighborhoods, as they often function like businesses, which can disrupt the local community atmosphere.Recent Regulations (2024 Updates):1) STR operators must obtain a permit for either Type 1 or Type 2 properties, depending on whether the owner lives on-site.2) Platforms like Airbnb are required to remove any listings that lack a valid permit.3) New noise and occupancy regulations apply, with stricter enforcement through permit revocations and finesThese regulations are part of the city's efforts to balance the benefits of STRs with the preservation of neighborhood quality and local safety standards.4o
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4 November 2024 | 4 replies
Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA).
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30 October 2024 | 4 replies
Clean-out crews make a living towing away whatever is left behind.The removal of renters from their homes is also a topic of increasingly broad public concern.
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6 November 2024 | 5 replies
I advise against asking random people on the internet for guidance on this matter.Another thing to consider is the Corporate Transparency Act has removed some of the anonymity you get with LLCs.
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2 November 2024 | 1 reply
My contractor is saying it's not something they can remove even after they re-painted over the top.
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4 November 2024 | 9 replies
I forgot to mention the chimneys/fireplaces are not operational and will only be kept for cosmetic purposes, and I don’t want to spend the money to completely remove them.
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3 November 2024 | 2 replies
Refi and recoup the same costs (hml, holding costs, down payment, closing costs)• Over the remainder of the year, continue building a new down payment using the recouped primary residence down payment, mfu positive cash flow, and any money left over after primary residence PITI (PMI should be removed after the BRRRR on the property)11.
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31 October 2024 | 37 replies
@Andrew Frishman - here is some food for thought to get you started: https://www.biggerpockets.com/member-blogs/11782/84402-how-to-evaluate-a-sponsor Feel free to DM me with any specific questions, I have invested in multiple deals as a LP and as a GP.
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7 November 2024 | 51 replies
Please note I removed the tags because this post isn't intended to embarrass the author.
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30 October 2024 | 18 replies
If you are hungry and you have no food, you will do anything for food because you have to.