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24 January 2017 | 1 reply
You can walk away, ask them to pay for fixing it, reduce the price (full or partial).
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28 January 2017 | 14 replies
All the rents are different values even though all the units are the same, 2 beds 1.5 baths. maybe some of them are in worse shape and based on some pictures, some units might have window AC units.Rent Income ~ $98,940 ($8245 mo)Insurance ~ $6100Taxes ~ $7860 (Can this be reduced using deductions?)
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26 March 2017 | 6 replies
The CAM certificate isn't that hard to get.. and don't limit your self to ON site positions,, these can be really tricky,,,, If we had to fire a manager that lived on site they had 2 weeks to move, this was in employee handbook and some didn't get the head ups up until the day they were given notice..... some places will offer a reduced rent to live on site but honestly once you've worked all day it's nice to go somewhere else where nobody will knock on your door at 2am or push the buzzer because they lost their keys, a plus is a sister property that's owned by same company you get reduced rent as employee but don't live on site where you work..
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1 February 2017 | 9 replies
I understand by writing everything off you pay less taxes, but you also reduce your borrowing powerIf this is the best strategy for you, talk with a lender now, understand DTI and financing so that once the first one is completed and you are ready to refi, you have put yourself in the best position as far as DTI and credit to get a loan.
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28 January 2017 | 11 replies
Being green, this seems risky to me even though i've done my Due Diligence on the property and it seems to be clear of leans and back taxes, furthermore, not insuring the house for the 90 day period (give or take) seems like a big risk if I get the unlucky fire from the tenant living in one of the units (one unit rented, other isn't).I understand these two things could reduce my margin and it's a risk management call but if you could give me some insight on this it would be greatly appreciated.Thanks in advance for your help!
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28 January 2017 | 19 replies
@Tom S., well I was assuming that once a company has a lot of equitable assets that the company could guarantee the loan themselves.
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22 August 2021 | 26 replies
Those factory workers you need to collect rents weekly as the tenants tend to blow the checks fast on booze,women, other things etc.When the downturn happened apartment vacancies went from 95% occupancy to 75% and landlords fought with reduced rents to keep tenants.
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26 January 2017 | 7 replies
This reduces my cleaning time to about 1.5 hours.2.
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20 April 2018 | 13 replies
(For example, are there options that don't reduce the rent?)
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1 February 2017 | 13 replies
Listed at 78,000 for for about 3.5 months price has not been reduced yet.weber county parcel search assessed or valued the price of the home at 92,275.