H. Jack Miller
Are you experiencing highers Evictions and Lower Rents?
5 November 2024 | 17 replies
While the "type" of neighborhood can sometimes make tenant approval criteria a little more flexible, we always try to avoid making desperate decisions that could lead to future evictions.The rise in evictions that you're seeing could be partly due to landlords lowering their standards to fill units quickly, which might lead to issues down the road with tenants who can't pay rent consistently or have a history of instability.
James Wise
Who is Bob Stevens AKA Bob Prisco and what's his involvement in Cleveland?
11 November 2024 | 65 replies
I was never licensed and never wanted a license.I don't like being held to a "higher standard" lolIt's cool being able to tell Wise that he is a wanker and not get in trouble by the division of real estate for doing so haha.Also, you can market and sell what you own without having a license.PM is a different story and as you mentioned mate, an officer of the company has to be a broker in order to satisfy the division of real estate.We are actually double d#$%ing and have two brokers as officers as the division didn't like that our broker was in Florida so now we had to get one in Toledo also.If only I was a whistle blower, could make a nice buck as I know of at least 2,000 units illegally managed in town by folks without a license or broker.🤷‍♂️ thats why we worked together on deals.. Â
Paul Passafiume
Anyone tried Ziprent or remote property managers??
3 November 2024 | 8 replies
But they use high level tech....pre screen, self showings, and the 1225 is the standard fee for first month lease up services including them drafting and getting tenant to sign lease..
Melanie Baldridge
What is “conservation easement”?
29 October 2024 | 2 replies
It would be similar to a charitable gift.In a conservation easement, a real estate investor “donates” development rights on a piece of property to a qualified charity, public agency, or land conservatory.In return for the donation, they get a tax deduction as if they gave cash to a charity.Let's dive into the basics.Let's say you buy a 20-acre piece of real estate that includes a 5-acre self-storage facility.
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
., laundry facilities, pet fees).Fixed Expenses: Include mortgage payments, property taxes, insurance, and property management fees.Variable Expenses: Include repairs, maintenance, utilities, and any unexpected costs.Capital Expenditures: Set aside a portion for future big-ticket items (e.g., roof replacement, appliance upgrades) as a reserve.3.
Rochelle Gerber
Struggling to find decent hard money
1 November 2024 | 14 replies
@Rochelle GerberWhat you're experiencing is pretty standard with hard money lenders asking for 20% down, especially in today’s market where lenders are cautious.Â
Mike Harvey
Starting with section 8
2 November 2024 | 8 replies
S8 standard voucher amounts INCLUDE all utilities.
Ron Brady
New lead paint dust standards.
25 October 2024 | 2 replies
The EPA has published new lead paint standards. https://www.healthday.com/health-news/environmental-health/e...All five of my rentals were built well before the end of the lead paint era.
Alex Silang
Putting more cash down
1 November 2024 | 3 replies
With rates as high as they are and RTVs this low, I'll probably barely breakeven (if that) if I did standard 80LTV.I like cash flow.
Jerome Wiley
Fair Housing and Screening tenants question.
1 November 2024 | 11 replies
This is typically part of the screening process to ensure that the property meets occupancy standards and to prevent overcrowding.