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9 March 2024 | 8 replies
@Nathan Gesner depends on the SOW required for RentReady.Your timeline works for Class A properties and maybe 70% of Class B properties.We do many $5k+ turns of Class C properties that aren't getting done in a week - usually takes longer than that for owner to approve the SOW and then send the funds!
9 March 2024 | 10 replies
Are low rises exempt from the requirement?
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9 March 2024 | 6 replies
Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.
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9 March 2024 | 11 replies
After that, I specifically wrote into my lease that if your neighbor can hear you and asks you to be quiet, you are required to comply!
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9 March 2024 | 89 replies
This is the most beginner friendly, but still requires lots of capital.
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9 March 2024 | 0 replies
They require 20% down then will finance up to 80% of the ARV.
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9 March 2024 | 8 replies
The max LTV is not quite as high as FHA, but there is no sustainability requirement for triplexes and quads (FHA triplex and quad must meet sustainability requirements).
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9 March 2024 | 0 replies
I want to make sure I'm acting in accordance with the local government's legislation, but I'm having trouble making sense of all of the information I'm finding on https://www.roanokeva.gov/.How do investors usually navigate legislation requirements when starting renting in a new city?
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9 March 2024 | 2 replies
The program can provide a win-win solution for both landlords and tenants in need of affordable housing.If you have any other questions about my experience with Section 8 or the program requirements, feel free to ask!
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9 March 2024 | 25 replies
You need to clearly explain when the lease ends and ample notice needs to be provided if an extension is required.