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4 November 2024 | 8 replies
Exceptions to your standard business practice do not often end with the desired results.
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4 November 2024 | 1 reply
Tax Strategy: Making the 2017 tax cuts permanent to stimulate investment and consumptionMarket implications under Trump include potential for accelerated price growth in existing homes, increased private sector development opportunities, and more flexible lending standards through GSE privatization.Similarly, clever allocators of capital may want to focus on market rate housing and more aggressive development opportunities while considering GSE privatization impacts under a Trump administration.Regardless of who you support or which way you lean, both candidates acknowledge the need for increased housing supply.
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4 November 2024 | 33 replies
The borrowers pay significantly less for those appraisals; they usually lack vital information, tend to be performed to much more “lax” standards, and often lack good decision making as to comps, capitalization rates, and adjustments of value between the subject property and the comps.
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6 November 2024 | 34 replies
For example, with property taxes being some of the lowest in the country, owning a high-value property, like one valued at $650,000, might only run around $2,000 in annual property taxes—much lower than in many other states.The region’s climate and building standards also make maintenance efficient and cost-effective.
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7 November 2024 | 16 replies
https://www.car.org/-/media/CAR/Documents/Transaction-Center/PDF/Standard-Forms/December-2018/SP_6-18_Draft7.pdf?
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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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3 November 2024 | 24 replies
There are standard guidelines and on top of it lender has overlays on standard guidelines.
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4 November 2024 | 10 replies
It’s very unlikely you’ll find a lender willing to provide a loan on a property without homeowners insurance—it’s a standard requirement for good reasons.
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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.
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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..