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10 June 2024 | 23 replies
It's dealing with people; usually upset people, and managing a lot of things at once.
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16 June 2024 | 2 replies
I'm a multifamily analyst for a bank that originates all sorts of real estate loans, and I am looking to connect with people that have a passion for real estate and money.
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14 June 2024 | 10 replies
To deny their application in that situation on the basis that the non-income-providing person does not make enough income or having good enough credit could lead to a FHA complaint.There are provisions that could be put in the lease agreement that the lease terminates if one of the tenants vacates during the tenancy, but you should consult your attorney about putting that into your lease.
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13 June 2024 | 3 replies
Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.
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16 June 2024 | 4 replies
The unit I want to occupy has 3 people living in it, when is it safe to give them a notice to vacate and does anyone have a template for this?
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16 June 2024 | 14 replies
Lot of people don't take action because they don't have knowledge to take action...
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16 June 2024 | 2 replies
Time is on your side and it seems almost like a waste of effort to pay down loans quickly, if you can let time take care of it without any contribution from you.Not many people have the obsession with REI to grow a significant portfolio, but you can probably manage 30 to 50 doors on the side, before it becomes impossible and you need a PM.
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16 June 2024 | 4 replies
So add the drama of dealing with people who are already not paying for their water.
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12 June 2024 | 12 replies
Wanted to see people’s opinions here.
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16 June 2024 | 16 replies
Banks only have 10% of the money they lend thus it makes sense for them - but for people who are not a bank why make 6% taxes as ordinary income and barely keeping up with inflationThat $1000/mo payment will be worthless in 20 years.