Shane Vince
Virgin Islands Vacation rentals. British or Us
4 December 2020 | 12 replies
90k in expenses per year - that seems extremely excessive.
Manas M.
How to keep insurance low?
25 April 2022 | 15 replies
The agent described it to me as an "excess and surplus lines carrier".
Nina Granberry
What do you do with your cash flow?
7 December 2020 | 80 replies
If not then don't just throw your funds into something just because you want it "working for you", that's a sure way to solve your excess cash problem you won't have it for very long.Interest rates are admittedly very low so too much idle cash is an issue, but you certainly won't solve it by haphazardly putting money into to the first "high yielding opportunity" you run into for expediency sake.Excercise a degree of patience and don't compromise well thought out selection criteria.
Michael Wade
Tenants' side of duplex won't stay warm in MN wint
12 June 2023 | 31 replies
. :( Some of the ceiling had what I believe is asphalt saturated organic felt, trifolded and nailed, I assume as a moisture barrier.
Jay Hinrichs
3X income for for C D class rentals is it out of date?
25 May 2022 | 11 replies
Financial obligations (bank payments + rent) as a percentage of disposable income is at a 40-year low.The average household wealth of the bottom 50% of households is at a historic high...there is no comparable period whatsoever.If you back out real estate gains, net worth is over 100% higher than pre-pandemic levels for the bottom 50% of households.Bank deposit balances of the the bottom 50% are $10,000+ and $3,000 above pre-pandemic levels, and kept increasing in 4Q21 after 3 quarters of increasing inflation and lower fiscal support payments.Nominal wage growth for the lowest income quartile is growing at the same pace as inflation (most important stat on the page).2020 had large gains in real wage growth; so, even though real wage growth is severely negative for the past year, the 2-year trend is break even.If real wage growth is -1%, it would take ~6 years to burn off the excess savings of the average bottom 50% of households.
Morgan Ward
Is my security deposit too high?
26 June 2023 | 10 replies
To me, that’s excessive. 1 month should be plenty, and if you are having issues where it’s not, then you need to increase your rental standards and make them more stringent.
Yue Lehman
Auctions = Opportunities?
26 April 2023 | 10 replies
As mentioned in my previous post, the owner of the property is entitled to the excess proceeds of the auction.
Cameron Riley
Is it wrong to accept 20-25 applications with the fees?
15 December 2020 | 76 replies
I’d say that seems like an excessive amount.
Pratheek Lakur
Deductions for repairs following move out
31 July 2023 | 16 replies
Looks like they messed with irrigation and there are patches of the yard that has developed cracks because of low moisture.
Jose Vazquez
Ready to Start Investing in DC
30 May 2018 | 13 replies
As others said, starting out, especially in pricier markets such as the DMV, if liquidity and excess cash isn't your strong point, you must first address your financial situation.