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18 July 2024 | 3 replies
So if the landlord only owns one four-plex, or two duplexes, or a single and triplex, and the landlord is a natural person (not a corporation or partnership), or the landlord is an LLC in which all members are natural persons (no corporate or partnership members in the LLC), the landlord can still require two month’s rent as security deposit.So for those CA investors who invest in properties with four rentals or less, and place each rental property into its own LLC, and the LLC members are all natural persons, those investors can continue to require two month’s rent as security deposit.
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19 July 2024 | 5 replies
@Martin NestaI don't have much info for you - but I do know the 'nature of the beast' I can share with you... perhaps something will help...Most property tax "just values" in Florida - the value they say your property is worth - are intentionally set about 15-20% below market value.
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20 July 2024 | 24 replies
Hair dressers “rent their seat” in salons all the time.Now a residential property owner may not want their property used as a quasi hotel, but suggesting there is no reason that someone could do something absurd like leasing an asset to use in a buusiness is rude and demeaning.
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18 July 2024 | 0 replies
Natural gas is widely used in the area and can be brought to the property for roughly 40k.
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19 July 2024 | 4 replies
For example with heat, the fuel (electric, oil, natural gas, etc) all cost differently.
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18 July 2024 | 6 replies
I'm not sure how much of that is going on right now, but I'm sure there are always traveling nurses and doctors coming into this area that need short term housing.A lot, of property management companies will only do a minimum of one year leases, but I think there is good value to be had in the short term rental game, as long as you have a good strategy and a management company that is align with your vision.When I was leasing full-time, I used to get a lot of calls from insurance companies who have clients who's properties have been in a fire or some natural disaster and need short term housing, and they're also willing to pay a lot higher than market rent.
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19 July 2024 | 6 replies
Heating costs go up in winter, as does electricity due to the reduced natural light and more people indoors.
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22 July 2024 | 28 replies
And what we describe will help others not take on investments of a super high risk nature without being able to sustain if the investment is lost.
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17 July 2024 | 6 replies
Sadly, it's the nature of the business.
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19 July 2024 | 6 replies
Base Rent Triple Net Leases are generally longer term in nature, between 5 and 20 years of initial term with options equal to the initial term.