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1 May 2024 | 7 replies
If this is a MN lease you must do a new lease as the regulations and requirements for a lease changed significantly Jan 2024, so you'd need to confirm your compliant with new lease requirements.
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2 May 2024 | 9 replies
I've found that adding local neighborhoods and roadways and giving a brief overview of requirements/availability can really help attract people to a listing.
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2 May 2024 | 9 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.
1 May 2024 | 2 replies
@Michael Whiting,To proceed with a 1031 on your portfolio of rentals, you need to partner with a Qualified Intermediary to act as your 1031 accommodator (the IRS requires this).
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2 May 2024 | 3 replies
New construction codes would require the construction of a house that is more resistant to high winds and will have a new roof.
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30 April 2024 | 5 replies
Do you just include all utilities in monthly rent since it’s coming from one breaker and water account?
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30 April 2024 | 28 replies
My investment approach required fixers with good value add potential.
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1 May 2024 | 22 replies
The biggest mistake I see is to worry too much about the cost of things like lawn mowing and water bill and the exact percentage for vacancies, but not being enough aware of the general condition of the property - resulting in 20k, 50k or more in capex a few years down the road.My advice: look for a quality property that has all the big-ticket items already done.
2 May 2024 | 41 replies
A CSLB-issued license is required for all construction-related work that costs $500 or more in combined labor and materials.Thirteen of the 18 suspects were cited for contracting without a license (Business and Professions Code section 7028).
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2 May 2024 | 7 replies
It just going to require a lot more cash to set it up properly so I would consider that up front :)Best of luck!