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10 July 2024 | 256 replies
The Ethics Committee shall independently investigate and review each case based on the individual facts and circumstances as they exist and shall not be compelled to take a certain action or make a certain recommendation based exclusively on prior actions of the Ethics Committee.Membership: The following restrictions shall apply to an application for RMAI membership:Any former Member who has been expelled from RMAI may not reapply for membership for three (3) years from the date of expulsion, unless a shorter time was prescribed by the RMAI Board of Directors at the time of said expulsion.
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2 July 2024 | 3 replies
State income taxes - IntuitAnother factor to consider when choosing a city is rent restrictions.
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3 July 2024 | 4 replies
I believe that under a standard title insurance policy, building code matters, zoning and other governmental restriction on the use of the property are excluded from coverage so unless you purchased an extended form title policy there probably is no coverage, but it never hurts to submit a claim.
2 July 2024 | 5 replies
First, check with your HOA to make sure they don’t have any restrictions on acquiring tenants (or roommates in your case).
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2 July 2024 | 73 replies
Zoning restrictions exist, but only if more than two units within a property are rented out by the same operator.
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2 July 2024 | 4 replies
More and more we're seeing a lot of this evolution spill over into MTRs as well, especially as jurisdictions have banned or restricted STRs and those owners pivot to the midterm rental space.
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2 July 2024 | 5 replies
We do not run into any issues, but I would make sure your area doesn't have any restrictions on STRs!
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2 July 2024 | 10 replies
This is very limiting when buyer get multiple offers.I have the funds to buy with cash, but I am not sure how a DSCR or Cash out refi would work, and if it would limit my future funding to the point of being overly restrictive.
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3 July 2024 | 55 replies
What I can say is that the headlines about the difficult tenants and rent restrictions cause issues or a small fraction of property owners - but you'll never hear about the 99% of cases where tenants are paying on time and respect their landlords' properties. if I'm in your shoes, in terms of recommended criteria, I would opt for looking for strongly appreciating areas and not just monthly cashflow.
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1 July 2024 | 2 replies
The specifics should be clearly outlined in the lease agreement.Documentation and Approval:Document the TI allowance in the lease agreement, specifying any conditions or restrictions.