Weikang Chen
Raising rent
4 October 2015 | 2 replies
., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.In my opinion if you're basing the increase on market conditions and not on trying to take advantage of anyone or increase the rent as a way to eliminate a tenant you'll probably be fine.
Scott L.
Renting just for winter / selling in the spring
6 October 2015 | 5 replies
Some have said we need to be relatively low on monthly rent given the short period, others have said we can charge more because renters usually want long leases.Any particular marketing approaches or lease terms work well with 6-month renters?
Tony Velez
Turnkey. Am I a wussy?
12 October 2015 | 98 replies
That lender will probably charge 12%.
Rod Desinord
Appreciate all the investment tips, but how do newbies get fundin
8 October 2015 | 4 replies
Some want you to have $15-25k (depending on the deal) in the bank before they will fund you, others will charge you an astoundingly high application/origination fee to get the process started, others only fund LLCs, while others want a portion of your profits.
Kim Handelman
Estimating holding costs
10 October 2015 | 5 replies
Its not like a bank loan were interest is charged on borrowed funds.. some of the bigger WEst coast HML because of massive competition for borrowers are having to resort to only charging on extended funds.
Renee R.
Eviction for nonpayment of late fees
14 October 2015 | 25 replies
I charge $50 across the board.
Shannon Sadik
Would you take a smoker who promises to quit?
10 October 2015 | 44 replies
You realize you have to repaint and replace a carpet or two to continue to charge a premium.
Kyle Farrah
Link building strategies
21 February 2016 | 16 replies
Outreach-email those people who are in charge of the websites and tell them about your new content-don't ask for a backlink, just let them know something is better out there.. and if it really is better, they will backlink to you!
Steve Miller
Valuations based on actual vs projected rents
9 January 2017 | 7 replies
It helps to be familiar with vendors too, my rule, ignore small unknown sources for maintenance receipts/charges as many play games, larger reputable companies will have more standardized pricing.If you can determine vacancies from lease files, good, but still be careful for leases that can't be verified by lease receipts/deposits.
John Warren
Practice Multi Family Analysis 1
13 October 2015 | 10 replies
The janitor expense seems interesting as well as I am not sure who charges $33 per month to clean a common area...Here is what I would guess the building really looks like:Gross income minus 10% vacancy factor= $148770NOI using the 50% rule= $74,385True cap rate then would be 11.4.