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1 May 2020 | 7 replies
I do agree with @Alexander Roeschmann, as I too see the possibility of a hyper-inflationary situation due to the Fed continuing to print money, added to the fact that there's an increased demand to refinance loans (due to lower rates) that are causing lenders to have a backlog, which also impacts the interest rates.Rising interest rates will have the effect of lowering demand and the system will adjust accordingly thus reducing housing prices.
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5 May 2020 | 9 replies
I did that to get started and a very fast effect on growing my business.
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9 May 2020 | 8 replies
Some factors that effect price include how many total tenants there will be, how nice the unit is, and what utilities/amenities are included.
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12 May 2020 | 10 replies
The existing leases stay in effect until they have run their term.
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28 June 2020 | 4 replies
Having an effective brand is the difference between slow and painful growth and exponential growth when it comes to client facing industries.
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5 May 2020 | 5 replies
You add the language to the NJ sales contract in the addendum that states something to the effect of "Buyer agrees to do inspections for informational purposes only.
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20 May 2020 | 15 replies
For clients, I'd say that if a PM can work efficiently and effectively within the software they are using, that is FAR more important than the owner portal features you want to see; a PM with good systems is not going to switch their core software, and there are plenty of subpar PMs who use great software with poor results.
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4 May 2020 | 28 replies
I'm shopping in Long Island NY and it seems impossible to buy using the 1% rule in this market.I've done some more detailed analysis of deals and it seems like 0.8 might be appropriate here; mMy analysis works like this:Run comps for rent and determine market rentCalculate 85% of market rent and I have my "effective rent" (deduct 5% each for vacancy, management, and CapEx)Calculate PITI (principal, interest, taxes, and insurance)If effective rent > PITI; property cash flows?
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11 June 2020 | 5 replies
I'll use 15% for the investor effective tax rate unless you know otherwise...