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27 January 2016 | 26 replies
Generally, sellers use the NROC to weed out people that won't take care of the property, and eventually end up opting out.To be fair though, the L2O system is set up to reward the owner if the buyer makes a mistake, because they can keep getting NROC from new buyers when old ones are evicted/decide to move for whatever reason.
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26 January 2016 | 7 replies
@Zarak Sharwani and Ralph R., thanks for the feedback.
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25 January 2016 | 2 replies
I have found a flip deal that I am trying to put together in Florida and I attempted to start a discussion with the R/E agent, but quickly got back the reply of "show me the money."
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29 January 2016 | 2 replies
I feel like I need to get my realators liscense so I have acces to the mls, as well as having other systems that help me find the deals worth having.
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2 February 2016 | 8 replies
-They have backwards priorities -They are professionals and know they will get several more months out of the home even after you file for evection-They are simply bad with managing their money-Something changed in their lives and they can no longer afford to live there/ need to save money to get into the next place-They bit off more than they could chew initially (similar to being bad at managing money but more future budget related)The people that do pay are regular people who want a decent place to live and respect how the system works.
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26 February 2017 | 8 replies
We typically use the following allowances:Revenue: Vacancy 8 - 10% (even though the vacancy in our areas is running from 4 - 6%).Operating Expenses:Maintenance and repar: 10% (of effective gross revenue)Property Management: 7 - 10% (of effective gross revenue)Reserves:CAPEx reserve: 8 - 10% depending on the age and condition of the property and its major systems.
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5 February 2016 | 6 replies
Also would like to use a system to get old documents into digital format and are view able by stakeholders and committee members.