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22 May 2024 | 4 replies
In Washington County, Maryland, if my Lease Contract says all charges owed are considered rent, if my tenant paid their base rent but not maintenance fees and water bills owed, can i file against the tenant for failure to pay rent?
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23 May 2024 | 5 replies
Stabilize your current property and make sure all repairs are done so you have little maintenance.
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23 May 2024 | 52 replies
They required me to have the house and detached garage treated and the termite damage fixed (1/2 of the sill plates, 1/4 of the studs and 1/8 of the sheathing needed replacement).
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22 May 2024 | 1 reply
A well-diversified portfolio is more resilient to economic downturns and sector-specific challenges.Key Takeaways:Expand investment portfolios to include a mix of property types and locations.Consider emerging markets and sectors with growth potential.ConclusionFuture-proofing commercial real estate investments require a proactive approach that embraces technological advancements, sustainability, flexibility, strong tenant relationships, and portfolio diversification.
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24 May 2024 | 5 replies
@Eli DonosoTo purchase your first investment property, set clear goals, choose the property type, and prepare for financial requirements.
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22 May 2024 | 20 replies
Worked for a maintenance crew for a big developer in college that managed his properties in house.
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23 May 2024 | 9 replies
It's not a sustainable model and requires a lot of attention.
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24 May 2024 | 10 replies
Be thankful they are taking this step on their own to ensure they don't get behind and stick you with unpaid rent.I'm sure how much they may be approved for varies on a case-by-case basis, but I have tenants who have paid the full rent for multiple months through COVID rental assistance.Your role is limited, and in my personal experience requires just a bit of information on the balance due and a signature.
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23 May 2024 | 9 replies
If something goes sideways, I would be willing to bet 90% of these single owner LLCs formed for "asset protection" would be easily accused of piercing the corporate veil, and collapses the whole thing anyways.Depending on the state you are operating in, even if you use a Wyoming formed LLC, you will likely be required to register in the state you are operating in, which may require disclosure of that information you don't want to give up already - check to see what those states require for disclosures when registering a "foreign" LLC that is operating in the state.Literally no federal income tax benefits to where your LLC is registered.
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23 May 2024 | 4 replies
If the HOA required you to obtain their approval, did you hire an attorney?