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25 August 2016 | 1 reply
So, I'm at your service...
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26 August 2016 | 4 replies
Here are the numbers: sixplex in hickory NC Price: $160,000Gross monthly Rents: $3,050 (definite possibility to raise rents by about $25-50 each) Expenses: (50% rule for now): 1,525 NOI: 1,525Cap: 9.5%Debt service: 25% down, financing 120k @ 6% amortized over 20 years, with a 10 year balloon. $860/month Net monthly profit: $665Cash on Cash: 19.95%Any thoughts on this deal?
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25 August 2016 | 1 reply
If you provide tenant placement services without being licensed then you're exposing yourself to legal liability.
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26 August 2016 | 8 replies
Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental
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3 September 2016 | 33 replies
You'll find that cash flow is only the portion you collect after your mortgage and insurance is paid and any other debt services on your properties.
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25 August 2016 | 7 replies
I haven't used that service though.
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26 August 2016 | 6 replies
If they have a legitimate disability and are getting a service animal, that's not a violation of a "no pets" clause in a lease.
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25 August 2016 | 4 replies
The South and Western portions of the ranch are within the shelf and slope regions of the carbonate platform where the application of new 3-D seismic technology tied to solid geological models will lead to a very successful venture."
26 August 2016 | 3 replies
A portal will allow your tenants to pay rent, sign up for utilities, submit service requests, and engage with their community — all online.
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26 August 2016 | 5 replies
Also have language explicitly stating that they are responsible for any service charges associated with the tank running empty.