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4 May 2024 | 10 replies
The only payment you should accept is 100% in full, including late fees and court costs, and it has to be in certified funds (cash, money order, cashier's check).
4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.
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2 May 2024 | 14 replies
All of my rentals fall in the 1% to 1.5% rule, including a newly built 8 unit complex in Barboursville, WV.
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4 May 2024 | 2 replies
My current mortgage is 6500 a month including MPI.
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4 May 2024 | 5 replies
Oregon were i am at is bad with this as well on the resi side.. but on Commercial there is no squatting those laws that resi tenants have do not exist for Commercial you post a 3 day notice and then you can legally enter change the locks kick whoever is in out.. that includes your commercial tenant that is not paying.
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3 May 2024 | 32 replies
FF is just one source and good for establishing a baseline of sorts, but I agree with you that it's going to be beneficial to market on other sites, including the OTAs.
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2 May 2024 | 7 replies
You will be familiar with the area, so you know the ins and outs of the neighborhood, including its amenities, schools, transportation, and safety concerns.
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2 May 2024 | 6 replies
We accept viewings from anyone that is pre-approved (self-identifies as meeting our criteria, this should NOT include income as it is a Fair Housing violation.3.
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3 May 2024 | 12 replies
It is really important for us to keep the units booked to cover the monthly overhead (higher monthly rates to cover the 4th unit not being rented).
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2 May 2024 | 12 replies
@Derrick Lind, depending how you define "Title search" it may not even include the information of whether the property is land locked or not.