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10 May 2018 | 1 reply
Here's an example:If Tenant fails to surrender the Premises upon the expiration or earlier termination hereof, Tenants tenancy shall be subject to the terms and conditions hereof; provided, however, that such tenancy shall be a tenancy at sufferance only, for the entire Premises, and Tenant shall pay Monthly Rent (on a per-month basis without reduction for any partial month) at a rate equal to 150% of the Monthly Rent applicable during the last calendar month of the Term.
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8 June 2018 | 10 replies
Of course, with only 1 vacant unit, it's probably a decent property in a decent market and location, not a D asset in a war zone.SFH isn't performing as well these days.Rents are going up, and finding qualified tenants is not a problem (we always have a replacement tenant lined up with lease signed and SecDep collected before the previous tenant moves out), but the metrics have suffered due to rising SFH values.Where we used to be at a GRM around 8.33 (or so-called "1% rule"); thereby yielding a 6.6 Cap assuming a 45% OER, prices have increased disproportionately to rents and our portfolio Cap Rate is now closer to 5.5% or lower (fact is, even if your SFH is fully remodeled like ours are and therefore have very little R&M or Replacement Reserves, NH RE Taxes are high enough to put you at or near 45% OER).Not that I'm complaining about our asset values heading up (it's about time the RE recovery came to the tertiary markets of NH), but the ROE it's causing is tough to live with; especially given the lost economies of scale when comparing a portfolio of SFH to a large MFH complex.
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5 December 2016 | 7 replies
Not only that, but your building could suffer real damage.
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27 December 2016 | 6 replies
On an income-based payment plan, your DTI is always going to suffer, because it's going to stay at the same proportion of your DTI as you earn more.
17 October 2017 | 5 replies
Other factors I look at for my buyer clients include flood zones, double yellow lines - especially numbered state roads, airstrips, shooting ranges, landfills, wastewater treatment plants, school zones, train tracks, industrial noise sources, neighboring businesses and cemeteries.
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15 November 2017 | 10 replies
@Michael Plante wow!
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13 September 2017 | 15 replies
@Michael Plante Thanks for the advice!
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3 December 2017 | 56 replies
Restaurants also suffer from the highest failure rates of almost any business.
25 February 2019 | 17 replies
They suffered through it until their 12month lease expired.
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26 July 2007 | 29 replies
Our grand fathers had work shops in the basements and our grandmothers planted flowers in the front yard.