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19 July 2024 | 14 replies
Gemini AI can help:Key features of an Ohio Land Contract:Installment Payments: The buyer agrees to purchase the property through regular payments over time, rather than a full upfront payment.Seller Holds Title: The seller retains legal ownership of the property until the full purchase price is paid.Agreement Length: The contract typically extends beyond one year.Property in Ohio: The land in question must be located in the state of Ohio.Improved Property (usually): Land contracts in Ohio normally involve property with a dwelling on it (a house).Here are some additional points to consider:Recorded Contract: A valid land contract must be recorded with the appropriate county recorder's office.Contract Content: The contract should include specific details like the names of the parties, property description, purchase price, payment terms, and down payment amount.
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16 July 2024 | 41 replies
Hi Jacob.I will give you a couple of major thoughts being a professional property manager for 25 years.1) Select a company that does annual property management only (as opposed to a real estate company that does sales and property management).2) Make sure your agent/ property manager does it full time (as opposed to looking after your property after they have taken care of all their sales first)3) The management company should be a active member of NARPM or IREM.
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19 July 2024 | 3 replies
Hey Darwing, I'm a real estate agent here in Pittsburgh with New Western.
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18 July 2024 | 1 reply
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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16 July 2024 | 3 replies
How to get the maximum rent from secion8 applicants?let's say i listed a three bedroom rental for $2800 but the the tenant8 applicant has a gross rent voucher for $3200. Gas/Heat/Hot Water is included in the rental, w...
19 July 2024 | 4 replies
Also, like Erik had mentioned, lenders will typically cut from the initial advance to ensure that the full rehab is funded.
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18 July 2024 | 8 replies
Yeah, I think I’d better start using my full name.
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18 July 2024 | 2 replies
Sounds horrible and always so frustrating when you just needed a service to be performed.I had the issue with the electrical inspection for the new pool panel in AZ.
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15 July 2024 | 1 reply
The short answer is be a great agent.
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17 July 2024 | 0 replies
Purchase price: $55,000 Cash invested: $30,000 Purchased property was renter-occupied at $600/month at the time of purchaseDid not renew lease with tenant.Completed full Renovation at $30,000 6 days on the rental market before the property management team got a signed lease at $1200/month Renter moved in July.ARV $179,980 What made you interested in investing in this type of deal?