
2 June 2019 | 13 replies
If money remains, you are required to turn it over to the County.Ideally, the tenants will be gone before the sheriffs arrive.

26 June 2019 | 31 replies
It's also important to note that he mentioned vacancy and concessions were up so the overall impact was more than the 2.8%, but overall, the general statement was rents remained relatively stable.

8 June 2019 | 5 replies
However, you can only charge the tenant for the cost of replacing what they destroyed and your charges should be prorated based on the remaining life of the product.Let's say you had carpet with an expected life of 10 years.

21 December 2018 | 7 replies
Note that the Mortgage Pay Down is accelerating and starts at $245 in your first payment.Here is a snap shot of the Mortgage Schedule, but closer to today's date:Note that in 1/1/2019, I calculated that you would increase the Mortgage Pay Down to $312 from the initial $245 where you started, on a per month basis.The end point of this mortgage will be that it will disappear in 2033.That means that, if you can rent out the apt now, you will receive a cash flow of $150 to $350, as you indicated.BUT, if you consider that you are making an additional $300 or so per month from your Mortgage Pay Down, then you will actually be making $450 to $750 per month.By the year 2033, that Mortgage Disappears and you will increase your cash flow by $545 since you will no longer need it pay the Mortgage.Now that we did this kind of analysis, if you did choose to sell and buy a new property, you were correct in the assumption that you will NOT get the same Interest rate.What is worse is that you will be paying 2 other additional closing costs, one as the Seller and the other as the Buyer.I would consider the following:1) Try to take out a HELOC for the remaining Equity2) Rent the Condo at some point where it makes sense for you3) With the HELOC, you can tap that resource when you are ready for a new InvestmentI have been doing something similar for the past 21 years, but mostly on the Investment end of it (for instance, Buy in an LLC, get a Line of Credit versus a HELOC).The above strategy also lets you keep the Condo which you are intimately familiar with it, so you know it's problems and it's pluses.

9 May 2019 | 4 replies
Tenant conditions for breaking a lease 60 days notice and liable for 1/2 of remaining lease etc..

28 March 2019 | 6 replies
The Tenant notified the Manager a third time, but nothing happened and the Harasser was allowed to remain at the Complex until his lease expired.

7 June 2016 | 7 replies
I remain open to suggestions on a complex deal.....

24 April 2017 | 18 replies
January, February and March are dead but the remaining months

3 January 2016 | 10 replies
I have not spoken with him yet but the tenant has said there was black mold in there and that the appliance repair man said it could have been stored for a while.The tenant has run vinegar through the unit several times to get rid of anything remaining and appears to be happy.

16 March 2020 | 19 replies
They had only pre-paid about 6 months of rent on the first property and skipped out on the remaining months.