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13 June 2024 | 7 replies
@Cameron Daste What is more important, how much you spend over the next 30 years or how much that expense makes you?
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13 June 2024 | 6 replies
It's a more expensive market than the Midwest and the short term cash flow is lower and that is the trade off for being a few hours away in a landlord friendly state.
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14 June 2024 | 10 replies
I hire a company to do the advertising required.
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13 June 2024 | 3 replies
Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.
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12 June 2024 | 27 replies
This would depend on local municipality requirements.
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14 June 2024 | 1 reply
Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
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13 June 2024 | 12 replies
There's no need to use so many loan/lien positions that carry difficulties in structuring and require downpayment/money out of pocket.
14 June 2024 | 3 replies
Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.
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13 June 2024 | 5 replies
@Brandon Morgan, most municipalities in this area have a rental ordinance that requires a local property manager.
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15 June 2024 | 13 replies
If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.