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17 July 2024 | 19 replies
I have 2 properties that are currently rented by section 8 tenants, like Brian said, the key is keeping on top of things that may result in bigger problems in the future.
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20 July 2024 | 14 replies
Personally, I would look to buy that kind of property and house hack it - meaning you live in one unit and rent the other 3-4 units out.
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19 July 2024 | 100 replies
Agency disclosure does NOT mean commissions/fee's.
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20 July 2024 | 11 replies
As far as condos, they'll be either warrantable (meaning they conformm to conventional standards) or non-warrantable.
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21 July 2024 | 10 replies
Any input would be greatly appreciated. there's a lot of ways like petitioning, confidential sale price, buying other assets to offset and depreciating them in year one, etc. but the main way I would do it is to invest in ground up developments with tax abatements which pushes even higher cash flow and then to keep them as retained earnings or in a non taxable structure depending on your equity position.
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18 July 2024 | 1 reply
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
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20 July 2024 | 9 replies
@Xingcai Wu Keep in mind, rent assistance from the government may take several weeks before you receive approval.
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19 July 2024 | 6 replies
Generally speaking the options are unilateral, meaning that the Tenant has the right, but not the obligation, to extend the lease WITHOUT the Landlord's acceptance.
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20 July 2024 | 22 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?