21 November 2013 | 2 replies
If a commercial tenant complains that another tenant is parking in their spot, parking in front of an emergency exit, or is causing a noise disturbance, what is the best course of action/inaction for a landlord?
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25 November 2013 | 13 replies
This is a homepath +Renovation propertyTax Appraisal Value $165000List Price $104,0005% down required $4880Unit next door (same design) apartments rent for $500 eachMortgage Payment at 5.5% x 30 Years = 537.54Property Taxes = 228.14 per monthInsurance $450.00 per month5% for maintenance $100.00 per monthMy calculations leave a monthly cash flow of $928.00If I use the 50% rule (and I am calculating it correctly) I have a cash flow of $439.00I am assuming that I can renovate this property for $10,000ish and it appears that there is currently tenants in at least 2 of the units (havent confirmed this yet).guys this is kinda scary cause it appears to good to be true....
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29 November 2013 | 16 replies
Many believe we are in a mini-bubble and I'm convinced the market may remain strong or semi-strong (although appreciations will decrease in rate).If/When shadow inventory is finally released (eventually), it may not cause a "flood" to the market which I've heard over and over again.
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24 November 2013 | 14 replies
We required a criminal background check and we had written policies in place on how to evaluate them but a felony conviction as described here and FULLY DISCLOSED on the application would not be an automatic rejection.Also, I read elsewhere on here where some were saying you should have a written list of what will cause an automatic rejection of an application to give to potential renters.
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21 June 2017 | 9 replies
I can attain more cash relatively quickly, but the types of problems that co-signing on a mortgage can cause can take years (decades!)
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25 November 2013 | 15 replies
Great question,Looking back, when I quit my full time job in 2001, it was premature and caused a lot of stress to make ends meet.
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27 November 2013 | 19 replies
Wayne is likely correct, this is a lost cause for her.
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28 February 2014 | 15 replies
They can cause a lot of trouble for you if they get ticked off and see an attorney.Then start over with an attorney.If you can get out without losing money I'll be very surprised.I'm not jumping your tail here, but this is the type of thing that happens when people just read strategies, guru books, listen to unknowing mentors or take off on their own as if RE is like selling a car.
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27 November 2013 | 13 replies
It wasn't the money that caused your offer to be rejected.
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18 September 2019 | 29 replies
I can also file a second cause and supply an invoice for lost rent, late fees, eviction costs, and anything else the court deems acceptable and file it against the tenant and then send the collection agency after them.