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9 March 2024 | 11 replies
I reside in Minnesota, and do not see anything that prohibits from having tenants sign an addendum but maybe some people can weigh in on this and if its a good idea to include or not?
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9 March 2024 | 26 replies
Adding that extra unit will reduce your risk since you are adding another income stream to a property you already own.
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11 March 2024 | 36 replies
Rental income finances everything in all of them including all the custom upgrades and upkeep done mostly by hired hands.
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8 March 2024 | 44 replies
Reduce the price $25 per month but don't change your screening criteria.
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10 March 2024 | 9 replies
It's full of practical advice on how to manage an investment, and it includes summaries of your specific state laws, and it tells you exactly where to go to read the law for yourself.Devour the book.
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11 March 2024 | 16 replies
Ie: if the lease (including m2m with proper notice) is expired, there's little to dispute.)
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10 March 2024 | 3 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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8 March 2024 | 9 replies
If that's not possible, then we pay the utility and bill it back to the tenant or we increase their rent and include utility costs in that charge.At a bare minimum, you need to find a way to monitor utility use and put a stop to this before the bills get so big.
10 March 2024 | 7 replies
All interaction with tenants (including paying rents) and paying of contractors would be taken care of by the S-corp.
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9 March 2024 | 4 replies
We engage in variety of strategies/tactics, including wholesaling, flipping and rentals (long/short-term) for acquisition of single and multi-family properties, and small apartment units (5 -50 doors).