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19 June 2024 | 11 replies
As others mentioned if a flood or something happens, that is an expensive mistake.
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20 June 2024 | 4 replies
This strategy requires a lot more work. 4 individual leases, home rules, and common area rules.
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20 June 2024 | 23 replies
I also use property managers for my properties.Additionally, unless you are an expert on Fair Housing laws you can easily find yourself in violation even when you think you are acting reasonably and find yourself in a lawsuit or under investigation.Finding reliable contractors is an issue and a good property manager should have those relationships saving you time and hopefully money.Navigating non-payment of rent or an eviction can be time consuming and expensive and a good property manager should help you avoid needing to do that with good tenant screening or have the legal resources to deal with it if you have to.You do have to manage the property manager and watch expenses especially for large repairs.
21 June 2024 | 5 replies
Hi Jacob, yeah legally you are required to honor the current lease they have in place.
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22 June 2024 | 129 replies
Doubling or tripling of property taxes by the taxing authorities, new permit requirements and fees, insurance, increasing VRBO and Airbnb fees, etc.
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21 June 2024 | 7 replies
It's fairly easy to install (floating application) and requires little maintenance.
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20 June 2024 | 1 reply
My general understanding of California rentals is that if the building was built prior to 1974 and has 16 units or greater, an on-site property manager is required.
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20 June 2024 | 18 replies
I've been in construction and land development for my entire working career, and my understanding (in the places I've worked) is that most construction requires a permit.
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21 June 2024 | 3 replies
Unable to afford the expense of homeownership she moved in with her parents.
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20 June 2024 | 0 replies
On a positive there are 15-20-30 year amortizations and increasing income qualifications including instant approval and AVM (no appraisal requirements) for very clean applicants, and creative documentation for self-employed borrowers or investors such as bank statements or even DSCR (usually up to 75%LTV) for investment properties.