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5 September 2021 | 2 replies
Additionally, flood insurance is commonly available and ensures that for an extra few hundred bucks a year, you're covered both for damage and loss of use (i.e. missed rents).
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6 September 2021 | 8 replies
Maybe it's not common to have a lawyer in Texas?).
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7 September 2021 | 2 replies
Storage areas can include built-in cabinets, closets, attic space, and even outdoor sheds, etc.Laundry: Including a laundry area and machines is a big bonus for tenants, as they compare that with apartment living where they would have to use common laundry machines that require payment.HVAC: Make sure to include an effective dual heating & air-conditioning system to service the ADU, so your tenant is comfortable in the unit.Kitchen island: It may be difficult to squeeze in a kitchen island in a small ADU, but it’s a big bonus if you can make the space.
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7 September 2021 | 3 replies
I do standard rentals with the option to buy using three contractsRental agreementOption agreementOffer to purchaseI have a new eviction attorney who is wanting to combine all three contract into one.Is this fairly common?
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6 September 2021 | 5 replies
This is somewhat common….they’ve had a free place to live and don’t want it to end.
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6 September 2021 | 7 replies
I agree about the mini-splits, the ultimate yet priciest solution...Gas forced air furnace with a straight AC system is common all over the USA.
12 September 2021 | 44 replies
Open to hear everyone’s opinion Ethics aside, what you need to understand is that how wholesaling is taught or commonly practiced these days is not actually wholesaling.
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6 September 2021 | 5 replies
For utilities, while it will vary from property to property I think a common arrangement for small multifamily (2-4 units) which you'll see is that tenants pay for internet, gas, and electric, while the landlord covers the sewer/water/garbage/recycling bill, which is all lumped into one bill, at least for Mpls. $150-160/month is a good estimate for a duplex.
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7 September 2021 | 5 replies
Your situation is fairly common, and I believe none of these potential repairs should kill your deal, nor do I advise backing out.
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9 September 2021 | 7 replies
I advise against buying condos or anything with HOA fees, relying on the collective financial status to upkeep the property's common areas.Trust me.