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18 March 2020 | 4 replies
We are wondering from a financial standpoint, should we open a business bank account or just a superare personal bank account to keep all finances separate from our personal finances?
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18 March 2020 | 9 replies
And the April 15th extensions potential is a separate item they're working on.
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20 March 2020 | 3 replies
I plan to separate Hydro.
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18 March 2020 | 2 replies
This is the scenario I came up with:Renting the 2 other rooms up top at $500 at a room, upping the bottom separate rent to $1500, and renting out both the garage/shed units, I was estimating around $2675 total income.I would ask the bottom tenants to pay their own Water/sewer/garbage and electric, while offering it included to the tenants renting out the bedrooms up top.I estimated for a total of $15k in rehab costs since the property looks like it could use some TLC, assuming all the foundation/electric/plumbing are good.I also planned on keeping the train going and using another loan to secure another property 1 year after an FHA loan on this one, thus opening up the top unit for full rent or another room to be added.This is a screenshot of the calculation I made in excel.Let me know what you guys think.
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22 March 2020 | 4 replies
Additionally, as a landlord you may request tenant to "waive their SCRA rights" at beginning of lease (must be a separate document from lease).
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19 April 2020 | 6 replies
All of this while working a separate full-time job.
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17 April 2020 | 18 replies
We can save medium and long term implications in a separate post :)So far, I'm seeing a slowdown in communication from some but not all of our vendors.
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22 May 2021 | 27 replies
Instead we are emphasizing our 360 degree virtual tours and ensuring ALL questions about the neighborhood, unit and building are answered so any prospective renter will have a high level of confidence of applying and wanting to lease before seeing it in person.On a separate, but related note, we have already seen inquiries across our portfolio from renters that are asking for concessions, issuing notices to vacate or sharing stories of job loss and anticipated difficulty for paying rent.
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18 March 2020 | 6 replies
I agree with setting up a separate bank account for the property.
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18 March 2020 | 6 replies
In my personal opinion, I think you need to evaluate the deal separately from the what the market is doing.