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6 March 2023 | 10 replies
If i wanted to convince them to move because they were an undesired tenant, I simply raised their rent to above market rent.
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18 January 2021 | 63 replies
Even cash-flowing properties could be undesirable for a bank’s risk appetite for refinancing.
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1 March 2023 | 0 replies
The seller had strategically purchased the building to remove an undesirable landlord from the neighborhood but had no intentions or interest in repairing it.
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30 September 2016 | 8 replies
See guidance at the CA department of consumer affairs (http://www.dca.ca.gov/publications/legal_guides/lt...).When purchasing a property with inherited tenants, I will aim to keep the existing tenants subject to two things: 1: do they keep their place up appropriately, or are they undesirable to the environment I want (ie: I have decided not to keep a hoarder who kept 4 animals inside the house and had an adult child living in their garage, and a house where one of the tenants was dealing drugs) or b: the unit is in reasonable shape and does not need a full rehab.If I decide to keep a tenant in place, I will generally do work around the property and in their unit before I proceed with a rent increase.
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31 August 2022 | 4 replies
If something has been sitting on the market for too long, odds are that the price is too high and/or there are some other undesirable features with that unit.Once I find comparable listings, I'll usually put them into a spreadsheet and look for patterns, this lets be go back and look at what other people posted once the listings are removed.
5 December 2014 | 9 replies
The ability to deal effectively with undesirable residents.
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17 March 2023 | 27 replies
Is there anything about the location that is undesirable?
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26 February 2023 | 15 replies
If you bought in an undesirable area/neighborhood then this is a bigger problem.
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9 February 2017 | 52 replies
My late charges are designed to discourage undesirable behavior, not really as another income source.
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5 February 2019 | 7 replies
We use cap rate to evaluate a property and to get a 10% cap you usually have to buy extremely distressed properties or buy in undesirable areas.