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2 August 2021 | 22 replies
This can work to eliminate less than ideal tenants in a year or two.good luck
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7 July 2021 | 8 replies
Wiedenmayer as I mentioned before, I'm not an attorney, but what you described does sound excessive.As a reasonable (non-attorney) person, I would "assume" that, failing to give 3 months notice, you would be responsible for 3 months rent to cover the period you should have given notice for, which could actually be less if the landlord rents it out sooner than 3 months (which, in this rental environment, I honestly think is more likely than not).There's an additional possible wrinkle that if you originally had a lease from - for example - May 2020 through May 2021 and it wasn't properly renewed into a new 1-year lease, that the lease effectively became a month-to-month rental agreement under the same terms - which would mean you actually did give the required legal notice (one full month for a month-to-month tenancy).It's complexities like that which make me think you'd be better served consulting an attorney who can give you advice based on the specific details of your lease/situation.
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17 August 2021 | 22 replies
Brokers are definitely the most effective method to find deals but it’s always good to try multiple methods.
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2 June 2022 | 10 replies
To be on solid footing if there were ever an issue to arise, you really have two options 1) collect rent and then since you are eliminating their use of the unit put them up somewhere 2) provide a credit or reduced rent for the days the unit is taken out of service.
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4 July 2021 | 5 replies
This market has effectively collapsed over the previous 12 to 18 months... price for fixerupper properties have dropped to lows not seen in a generation"I still have the property associated with that appraisal.
4 July 2021 | 1 reply
Here are some thoughts on the risks:I'd say one downside of that is you probably got less rent than you could have because you eliminated 95% of the prospective renters.
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5 July 2021 | 3 replies
With all this said, I’m really trying to convince my wife to do a multi-family house hack as this would jump start a truly amazing compound effect without having to purchase a forth rental for a while.
9 July 2021 | 4 replies
In most cases, the interest on your mortgage is locked for 15 or 30 years so rising interest rates don't effect owned properties.
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5 July 2021 | 4 replies
Some were only temporarily made to work from home and some are now permanent remote, which drove many to flee expensive markets, cashing out of their high-priced homes, and into more affordable markets flush with their equity cash.The effect of that population shift has been that would-be buyers in the more affordable markets have been squeezed out of any reasonable opportunity to buy.
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4 July 2021 | 1 reply
This policy is in effect for 60 days past the state’s end of the state of emergency that was going to expire June 15 but has been extended.