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6 July 2024 | 1 reply
I have yet to receive my renewal quote but I want to get ahead and call other brokers to shop around.
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6 July 2024 | 5 replies
Keeping documents organized with cloud storage solutions like Google Drive or Dropbox is also highly beneficial.For compliance, using templates for meeting minutes and maintaining a compliance calendar can help manage important dates for filings, renewals, and meetings.
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6 July 2024 | 11 replies
There are fees, but the big one is upfront and then yearly it's like $18 to renew and they let you self-certify for 5 years.
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6 July 2024 | 8 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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6 July 2024 | 10 replies
If you can, I would also not renew that tenant's lease and get rid of them.
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6 July 2024 | 2 replies
If you only have to put up with a handful of late payments over 2-4 months before their lease term ends, you could simply non-renew their lease for cause (consistent late rent payments), and then lease it to a new tenant.
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5 July 2024 | 4 replies
Or make the lease renew every 6 months.
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5 July 2024 | 2 replies
Currently, the rental income would not cover the mortgage payments, but I'm considering refinancing if interest rates decrease (possibly conventional to free up VA entitlement) as well as adding a fifth bedroom to increase rental income.My Plans: I intend to retain the NC property due to a stable tenant with a recently renewed year-long lease.
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10 July 2024 | 112 replies
I'm selling one of my last rentals today FSBO, self-closing, directly to the renters because my LL insurance didn't renew.
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30 June 2024 | 9 replies
Should I write that I won’t renew it?