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7 January 2025 | 2 replies
At another property with just the sidewalk I let the tenants take care of it, but the liability of these steep stairs makes it too important for it to be haphazard or me having to scold them to shovel and salt the walk and steps.I know in snowy areas people with houses contract plowing for the winter at a flat rate.
13 January 2025 | 21 replies
I would also be careful talking to property managers - they may have no problem telling about "other" buildings, but change of ownership in their own building is a threat to their livelihood.
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13 January 2025 | 11 replies
-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?
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13 January 2025 | 30 replies
On most small MF that get listed for sale, the owner lost interest years ago and management attention is in a steady decline until something triggers the sale.
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3 January 2025 | 14 replies
But be careful with your trial.
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8 January 2025 | 11 replies
Makes me think they could be too busy taking care of a new baby to attend to guest issues?
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14 January 2025 | 18 replies
Tax free money is huge.I may have 100k of instant equity so I don't care about about tax write offs.
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2 January 2025 | 13 replies
Give them enough pressure, heat, or attention and the charming melts right off and your left with the rotten core.
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19 January 2025 | 61 replies
I would like to think in a way that investment in general, and the real estate investment, start with a solid economic reason - "Why do you Invest, where you invested".To elaborate on below - Vegas is a great example where no real economic driver exists and when you invest there, you should be aware that is a highly volatile market (side note: i both 2 properties there in 2011 and 2012 and i sold both this year) and you should pay an extra attention and be prepare to reposition capital.It's clear, if you invest in Vegas or Orlando (just 2x entertainment cities) you will expect ups and downs and you need to position yourself with extra reserves and extra caution if you are planning to stay in these market for long term.
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10 January 2025 | 12 replies
this means that these owners are under much less pressure to sell, and so they don't really care that their price won't let the property be a good rental.