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12 February 2025 | 22 replies
Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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12 February 2025 | 7 replies
If someone stays at a property for 14 consecutive days or more, they could potentially be considered a tenant under state law, even if their stay is structured as short-term renewals.If the individual is classified as a tenant, landlord-tenant laws would apply, meaning you may need to follow formal eviction procedures to remove them.
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1 February 2025 | 15 replies
Whether it applies or not it's always a good idea to check with a professional first so thanks for the reply.
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4 February 2025 | 9 replies
Of course you could roll the dice and try to show that he is an "independent contractor" and respondeat superior does not apply.
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5 February 2025 | 7 replies
@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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21 February 2025 | 14 replies
My expertise really is in data pipelines and I'm trying to apply it in field of RE.Well, there’s definitely a need to be filled.
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11 February 2025 | 8 replies
Since the credit was applied at closing, it likely reduced the buyer’s cost basis rather than being deductible as a repair expense.
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4 February 2025 | 0 replies
Refinished hardwood floors, updated fixtures, and applied neutral paint colors.
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18 February 2025 | 20 replies
Either the tenant pays in full on time, or it is late and late fees apply.
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9 February 2025 | 3 replies
My question is when applying for the lease, most properties in my market are run by a management company.