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21 December 2024 | 14 replies
I think you hit the nail on the head when you said "...and I think it helps prevent problems when they understand the myriad issues involved in its use."
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4 February 2025 | 24 replies
You nailed it—it really is a solid business model, all designed to maximize profit (which, to be fair, I respect from a business standpoint).
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3 February 2025 | 79 replies
Nail on the head there.
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28 December 2024 | 1 reply
“Jorge, you nailed it—economic occupancy over physical occupancy every time.
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31 December 2024 | 4 replies
Its taken some time out on the west coast but we did nail a 10 unit for a 7 cap right off of MLS in the portland market.
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31 December 2024 | 3 replies
I think @Scott Trench just about nailed this one!
27 December 2024 | 3 replies
@Peter Mckernan hit the nail on the head.
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27 January 2025 | 29 replies
Henry you nailed it.
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30 December 2024 | 15 replies
.✅ Secondly, good cause has a max cap on yearly rental increases at a certain margin above CPI or 10%, whichever is less.For those of you who own stabilized, high quality housing like we do, this shouldn’t be a problem.But instead of keeping rents flat because you are a nice person or increasing just a little bit, you could get yourself in trouble when it comes to funding future major repairs and capital expenditures.As long as you are increasing to what the market will bear, you will be in good shape.Also if you are looking at purchasing blighted, dilapidated housing with the intent of raising rents and financing improvements to the property, you will have to take this into consideration and buy accordingly and on in place rents not projected rents.On the implementation side, however that pans out, you might be able to get these necessary rent increases to finance repairs but you may need to go to housing court in order to get the green light but we are just not sure at this point and remains to be seen.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
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3 February 2025 | 31 replies
You nailed it.