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22 March 2024 | 9 replies
A lot of clients set up rental properties with DSCR loans which requires less paperwork.
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20 March 2024 | 5 replies
I use Ferrell-Calhoun, but they are a Southern company with limited availability outside of the South.
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20 March 2024 | 2 replies
There is obviously a formal lease, and we also supplement with a room mate agreement which outlines the more specific things like overnight guests and expectations in dispute resolutions/ cleaning/ care for the home and appliances, etc.I haven't received one formal "LL request" email yet, other than a formal 30 day notice in the event of a move out, which is usually after they've come talked to me in person about it to begin with. if there's an issue, it tends to be pretty limited to "hey, we have this shower rod falling off"... which im usually here to deal with (and tbh most of the time they like to fix it up with me), and it doesnt need to turn into a big thing. as for keys, i have the house on a yale smart lock, so 'handing over keys' is just official move out, walkthrough of the room for damages, and then I can delete their access code and access to the smart home systems without having to re-key the house.
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19 March 2024 | 22 replies
The answer depends upon how your entities (if any) are set up.
20 March 2024 | 11 replies
There's a pretty good chance you gave them permission to hire whomever they wanted and charge accordingly unless you have a dollar limit on expenditures.
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20 March 2024 | 8 replies
Other carriers were limiting to 6 months.
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20 March 2024 | 24 replies
Set up a chore list.
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20 March 2024 | 3 replies
If you set it up with a car rental service like Turo are likely protecting yourself/car more from potential issues and damage and may be able to keep it off platform and only make it available to your renters (not sure on that last part but just a thought).Also, from a lender perspective it could complicate things if you are looking to refinance one day and have car payments included in the lease payments/on the lease.
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20 March 2024 | 4 replies
I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."
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20 March 2024 | 14 replies
All those factors combined with geographically limited building and almost no new housing starts.