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27 August 2020 | 6 replies
A good looking property will get you the following benefits: 1) A lower cap rate (and higher price) on your appraisal for either selling or refinancing the park.2) Less issues from city hall, who will respect you for doing a good job.3) Less issues from neighboring property owners who will not be mad at you.4) Higher rents from those will feel you are providing a higher value for their dollar.5) Greater resident retention so higher occupancy.6) Greater attraction from new customers, which also leads to higher occupancy.All that being said, you don't want to get carried away.
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26 August 2020 | 4 replies
Do they treat people with respect?).
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26 August 2020 | 0 replies
The leases are up in February and April respectively, but not sure what will happen beyond that in terms of not renewing the lease (I'm letting my PM take care of it all).
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29 August 2020 | 20 replies
@Toby JurgingWith respect to the inherited IRA, if I were going to make that self-directed, I would probably stick with lending or investing in well managed note funds.
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28 August 2020 | 9 replies
If you find re-occurrences in a particular unit then you can address that one-on-one with the respective tenant.Finally, it is prudent for me to add that you always check your state tenant-landlord laws and make sure you abide by them accordingly.
31 August 2020 | 4 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
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27 August 2020 | 8 replies
Or if I had to respect the “agreement” she had with the previous landlord even though it wasn’t written into the lease.
23 September 2020 | 13 replies
I have to respectfully disagree with @Frank S. on the nature of Bigger Pockets.
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31 August 2020 | 11 replies
Respect to him but youranswer deserves to be read slow, studied and digested.
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28 August 2020 | 5 replies
Occupancy limited to October 1st" While I am respectful of her situation and willing to work with her, I also didn't expect to find myself in this situation.