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26 September 2018 | 3 replies
Renew for an additional yearcontinue month-to-month with a 10 - 20% increase (market and season dependent)Move outWhen they renew, I typically don't hit them with an increase the first time.
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3 November 2018 | 12 replies
These wholesalers will bring me deals and I love most of them, but with the new ones out there, the problem we run into is they're not bringing additional value.
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2 October 2018 | 13 replies
It is critical to have a solid property manager with a proven track record.
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3 October 2018 | 7 replies
Education is critical and in addition to reading books, blogs, etc., I have found listening to the podcast episodes to be invaluable.
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28 September 2018 | 6 replies
If you did not include it in your original analysis it will be difficult to add it later without greatly affecting your cash flow. 10% is average.
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26 September 2018 | 0 replies
I will also eventually renovate other two units once tenants move out, so if work is done well, I am happy to use same contractor for additional work.
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10 October 2018 | 9 replies
The buy and hold would be great as it would generate cash flow plus additional tax deductions.
11 June 2019 | 17 replies
Afterward, once the initial transfer is done, I've never had to provide additional explanation as to why.
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5 October 2018 | 6 replies
We have separate bank accounts and credit cards so for us there is no need for any additional software etc.
26 September 2018 | 1 reply
Also, maybe add something to the lease such as:"Any repairs due to tenant abuse or negligence which must be done immediately will be added to the next month's rent as 'additional rent.'