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3 November 2024 | 4 replies
If they do allow it, a third unit will need proper egress to get confirmed.
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4 November 2024 | 9 replies
Agreed with the above posts, for $500 or less you can likely get a RE attorney to get your ducks in a row to do the eviction properly.
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30 October 2024 | 1 reply
@Arnold Finkelstein You may want to check with your local manufactured housing association.
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9 November 2024 | 21 replies
I see the value in not being overwhelmed because of a failure to properly build a situation with systems and organization.
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11 November 2024 | 22 replies
I would really drill down on how and why it got to be so expensive, why they didn’t let you know before doing the work, and let them know you would have gone with the $9k bid had they communicated properly, then see if they will negotiate with you.
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7 November 2024 | 27 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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4 November 2024 | 13 replies
The idea of my thread is to share my experience and check if I can get advice and emotional support from like minded individuals but unfortunately the post was not properly understood and only people who are either PMCs or associated with one have answered.
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7 November 2024 | 22 replies
Bookkeeping when it comes to real estate investments can get tricky.I often find the following mistakes occur1) They fully write off the mortgage payment when in reality the mortgage payment is broken down into Interest, principal paydown and an increase into the escrow account.2) If the property is managed by a PM company, do not factor in the PM Statement3) do not calculate depreciation expenseBest of luck in your search for a proper bookkeper.
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8 November 2024 | 31 replies
If they are being properly run they are making enough to pay you over market rent.
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1 November 2024 | 2 replies
If it was properly done, it's recorded and should be visible on the title report.