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8 July 2024 | 20 replies
I would list every single item your counting as capex, their useful remaining life and their cost that day.
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13 July 2024 | 0 replies
LMHA is relocating residents from Dosker Manor due to mold, rodents, and crime.Dosker Manor will be torn down, and residents will be moved to other accommodations.LMHA surveyed residents; they need help with medical care, groceries, and financial management.Relocations will start in August, with around 600 residents moving over 18 months.The first 100 residents will move to LMHA-owned properties; the rest will go to low-income housing.LMHA is covering moving costs and offering reimbursements up to $1,300 for self-movers.
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11 July 2024 | 8 replies
As Texas doesn't require licenses for GCs, I'm not sure how this will work as I don't have a license that could potentially transfer over.
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13 July 2024 | 9 replies
I am not keen on returning any of this money back to the main tenant as it is very evident that the damage he has caused on the property with a rotating cast of characters and a pet is likely significantly higher than $2000.5) Legal fees and other costs: Can we include a demand for unpaid rent, legal fees, and other costs in the eviction process for our tenant or does this have to be a different suit?
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12 July 2024 | 34 replies
Doesn't matter what it costs it is YOUR RESPONSIBILITY.
13 July 2024 | 0 replies
Honestly, I've been getting screwed with some big ticket issues (related to HOAs, selling different properties, continual unforeseen maintenance and costs) and this one really crushed me once I realized it was an actual issue.
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11 July 2024 | 12 replies
I have used the PMS Avail for the last two years to manage my units & screen all potential tenants.
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12 July 2024 | 3 replies
All told, the GP is making $337,500 just to arrange the deal (not including their reimbursement of any out of pocket costs they have already covered: due diligence costs, broker costs if they are paying anyone to bring them deals, legal setup costs, etc).
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11 July 2024 | 11 replies
Several potential sources for foreign national lending.
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14 July 2024 | 12 replies
Adding about 2.5% closing cost of 17.5k will bring you to about 50.5k (rough estimate) out of pocket.