Jeremy Porter
Demystifying the Lease Signing Process: A Step-by-Step Guide
8 February 2024 | 0 replies
Options include online payments through credit card, debit card, or ACH (eCheck wire transfer).
Mun Mohsin
Need advice on the first purchase_urgent
8 February 2024 | 4 replies
Here's a suggested approach:Verify Rent Increase:Request a rent roll from the seller to cross-verify rental history.You can ask the current tenant for confirmation, ensuring transparency and avoiding surprises.Contact Existing Tenant:Communicate directly with the current tenant to discuss the property and their intentions.Understand their perspective on the rent increase and their willingness to stay.Reason for Previous Buyer Backing Off:It's reasonable to ask the seller or their agent about the reason the previous buyer backed off.This can provide insights into potential issues or concerns with the property.Negotiate and Due Diligence:If you're still interested after clarifying these aspects, negotiate based on your findings.Consider conducting your due diligence, including a thorough inspection and possibly consulting a local property manager for insights.Evaluate Costs and Risks:Assess the costs associated with potential repairs and factor in the risk of the increased rent being accurate.Weigh these costs against the reduced purchase price and potential future returns.Remember, due diligence is crucial in real estate.
Nicholas A Fetrow
Creating a business plan for investors.
8 February 2024 | 0 replies
These investors are asking me for a business plan that would include: returns, percentages, equity stakes and more.
Zack Reyes
Long Island (Nassau/Suffolk) Lis Pendens, pre foreclosures
8 February 2024 | 1 reply
there are tons of websites that sell leads or have market data including preforeclosure.
Andy S.
Service/ESA Animal in New Jersey
9 February 2024 | 18 replies
Some alternative strategies include requiring renters insurance with pet coverage, conducting thorough inspections before and after tenancy, and establishing clear guidelines for pet behavior and care in the rental agreement.
Edward Acker
Property managing for STR… self managing vs online or local companies
9 February 2024 | 19 replies
We partner with 15+ booking channels some of which include Marriott Homes and Villas, JetBlue and Allegiant Airlines, Airbnb/VRBO (of course), Booking.com, and soon Hyatt and AmexTravel.
Casey Adams
Landlord Insurance Advice (Memphis TN)
8 February 2024 | 12 replies
Here is what I was quoted :$240k structure coverage + 25% ($60k) (I imagine ARV to be ~$120k-$130k)$2500 personal property$24k Rental coverage (I'm expecting ~$1300/month so this may be high)$300k liability insurance (Although it's $1 difference/month for $1m)Sump/water pump coverageTotal = $117.72 This quote included the deductions for an alarm service and fire alarms equipped throughout (Do y'all usually equip your rentals with alarm systems?)
Jonathan Aldis
Selling out of 1031- Short term v Long term
7 February 2024 | 1 reply
And then be willing to present your case if ever questioned.
Antonio Chase
Potential Condo as 1st Investment Property
8 February 2024 | 0 replies
Also, I believe the LTR rate may not cover the costs including maintenance/repairs.
Jack Schwartz
The journey of Vacant land listings in Upstate, NY
7 February 2024 | 0 replies
However, the proximity to upscale gated developments presents a delightful opportunity to enhance the value of the land.