23 April 2024 | 2 replies
I have assumed their leases and added an addendum that includes a few items (no auto renewal, new payment address, etc… ) which I am planning on asking them to sign.I sent non-renewal letters about a week after closing (early April), which gives them way beyond the 30 days' notice.
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22 April 2024 | 6 replies
I always wondered how taking an overall average of RE appreciation and comparing it to anything is a true measure of investment when including good markets with those that are collapsing.
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23 April 2024 | 2 replies
Expenses like this include things like property taxes, insurance, maintenance, administrative and office costs, payroll, marketing expenses, and property management fees.
24 April 2024 | 18 replies
For planning, i've found the following to be decent planning factors: 10% property management fees, 10% potential repair and maintenance expenses, plus any excise taxes your area imposes and condo/association fees.
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23 April 2024 | 14 replies
Looking into a lot that my wife and I love, but comes with some deed restrcitions written in 1985 that include:- liveable area cannot be smaller than 1500sq ft (we want something like 1300)- no poultry whatsoever - only one property can be built, 2 family max. this is 5+ acres, we want the flexibility to build 2 houses on it!
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23 April 2024 | 5 replies
Contact the hotel directly to inquire about adjusting the reservation to include an additional guest.
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23 April 2024 | 1 reply
Specifically, I'm in need of referrals for contractors experienced in handling the unique challenges of renovating low-income rental properties, including single-family homes and small apartment buildings.
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24 April 2024 | 16 replies
Almost everyone here on BP will tell you that they wish they had started earlier, myself included.4.
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23 April 2024 | 27 replies
Factors to consider include lower entry costs, opportunities for equity growth through renovations and property appreciation, as well as the ability to recycle capital using the BRRRR strategy.
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22 April 2024 | 5 replies
.- Vacancy rate factor and bottom line Schedule E income will be used to calculate the rental, no the gross DSCR lease amount.