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15 December 2013 | 19 replies
Many factors play into determining value, not many comps would have such a facility, the style as adapted to the home is considered, the functional utility as a residence may be less as well.I'd first call your zoning people and see if 5 or 6 kids requires a zoning variance.Having daycare services or other business activities in a residence is possible with conventional loans, but you can cross the line depending on the perceived liabilities of a business, any significant modifications to a property, public access and other aspects can cause financing issues.
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16 December 2013 | 17 replies
The only way someone can be personally involved is if the person suing proves that the person actually did something to cause the incident.
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16 December 2013 | 6 replies
There is an ongoing thread about day care at a rental:https://www.biggerpockets.com/forums/52/topics/109391-advice-needed-residential-tenant-w-a-daycare-insurance-headache-helpI didn't want to hijack it but I thought a more generalized discussion would be helpful to me and a few others.I also made it a point to tell applicants I do not wish to conduct business at my propertyHowever there are some gray areas, and I basically made my rules looking at the nuisance factors...not so much liabilities, and now looking at that thread, I may have to rethink this.You see, I would not have allowed the day care simply because a half dozen moms picking up and dropping off at the same time would cause a parking jam and inconvenience.On the other hand, I have told tenants who occasionally allow "friends" to drop off a kid for them to babysit its ok.
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1 August 2014 | 18 replies
He's quickly becoming one of the 20% that causes 80% of my drama.
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17 December 2013 | 2 replies
Essentially, the heating problem was caused by the tenant because of his personally installed thermostat.Can I charge the tenant for the plumber's bill?
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17 December 2013 | 6 replies
Turn the space into an income generator without causing legal issues.
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2 January 2014 | 18 replies
It's an additional notice to the first lender giving cause to look at the due on sale.
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7 February 2020 | 109 replies
This was caused by improper installation of the metal exterior.
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22 December 2013 | 13 replies
The spike is causing a sense of urgency now, a rush to buy before rates go higher, but that will be short term.
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8 January 2014 | 6 replies
If I don't fix it, when the temperature is up, I will have a leaking issue causing much more problems.