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19 March 2024 | 20 replies
I heard about turnkey companies including Martell and Rent to Retirement.
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19 March 2024 | 14 replies
This includes emptying the water heater, draining all of the piping.
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19 March 2024 | 9 replies
a good deal for a SFH flip would be the buyer being ALL IN at absolute max 80% of the ARV (including the PP, renovations, assignment fee, closing costs), but a lot of investors would say it has to be max 75%, 70%, maybe even 65%. that said, shoot for 65%, and know your renovation costs. i've used $65/sqft for a gut reno, and until proven otherwise i'm assuming it's a gut job, BUT that PPSF is not always accurate, sometimes there are unique issues with the property that would drive that number way up. it gives you a place to start, though.
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18 March 2024 | 2 replies
Include website links, social media handles, or other online profiles so that people can find you.
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18 March 2024 | 4 replies
It is generally legal for a landlord to include provisions in a lease regarding the duration of guest stays and potential charges for extended visits.
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19 March 2024 | 18 replies
You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.
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17 March 2024 | 6 replies
A "proper lease agreement in place with right terms" would have included the condition checklist.
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18 March 2024 | 7 replies
Take into account elements including the property's state, the age of the HVAC, electrical, and plumbing systems, and any necessary cosmetic renovations to draw in renters.
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18 March 2024 | 16 replies
As the new landlord, you'll assume the current lease agreement, honoring its terms and conditions, including the late 2024 lease end date.
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15 March 2024 | 9 replies
By definition and generally accepted accounting principles (GAAP) you should not include these in NOI.