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28 January 2025 | 11 replies
Trying to get a # from him about estimated remaining cost but got nothing.
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17 February 2025 | 5 replies
If your experience has gone downhill since the merger, it may be worth switching to a more proactive manager—even if there's a cost involved.Before making the move, ask the new PM how they plan to improve visibility and fill your vacancy quickly.
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28 January 2025 | 1 reply
The cleaning costs alone were over $9k.
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15 February 2025 | 17 replies
I am open to it- but unfortunately, I am not looking to move until another 2-3 years- my partner and I rent an apartment on IOP and we love the location and the cost is actually incredibly low which is great.
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3 February 2025 | 15 replies
Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.
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4 February 2025 | 7 replies
Aloha Joshua, I deal with clouded/messy titles often and it's not my first choice as its froth with a lot of time, costs and risks.
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10 February 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 February 2025 | 3 replies
However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.
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29 January 2025 | 2 replies
If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.
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11 February 2025 | 6 replies
The instruments needed for the transaction will be state specific which means you should have someone from California chime in with resources who can provide low cost documents (as these will be boiler plate).