12 July 2024 | 13 replies
So, by trying to get a tenant out and replace them with another tenant you have a 50% chance they will be the same or worse, plus the expense, lost rent due to vacancy, plus any tenant placement costs with your PM.
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10 July 2024 | 3 replies
The WLB lease (unless you use an ancient version) states that if nothing is done it defaults to a month to month.You can send them a Notice of rent increase (which you can get from WLB as well) sign an new lease, or do nothing and go mtm.I find that a 60 day notice from the tenant is not very helpful, most owners don't start showings until after the unit is vacant, so what's the point?
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11 July 2024 | 4 replies
DIY managing is usually best, so you learn enough to avoid getting taken advantage of if/when you hire a PMC in the future.Your challenge is learning enough to avoid lawsuits and costly mistakes!
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11 July 2024 | 0 replies
Expense Deductions: Deduct direct expenses like materials, labor, and selling costs.4.
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10 July 2024 | 87 replies
That cost's $.
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9 July 2024 | 8 replies
Rentals near Fort Sam Houston have also done well for me over the past 4 years with STR and we are seeing long term rents increase dramatically there as well.
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10 July 2024 | 5 replies
The three in personal name have increased substantially in equity, I was going to tap the equity and reappraise etc looking at 4-500k of additional equity, these currently have separate notes in the 1st position of 3.35 30yr fixed.
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9 July 2024 | 6 replies
Rates, closing costs, and points also play a huge role in making the right move and can save you extra.You also want to make sure you have multiple terms like ARM products, Interest Only, No Prepayment penalties, etc.If you want to talk REI feel free to reach out I enjoy helping when ever possible.
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10 July 2024 | 16 replies
Whe shopping around you are going to see that some charge more interest but less closing costs and other less interest and more closing costs.
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11 July 2024 | 6 replies
The sub meter costs and monthly reporting fees can be charged to the JADU.