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24 February 2020 | 3 replies
The most common portfolio style loan in Texas is a 20 year adjustable rate loan.
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25 February 2020 | 6 replies
To have an offer accepted, one may need to adjust their Desired Profit; however, it should not be below $20,000, or what one feels is acceptable.
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24 February 2020 | 3 replies
You just adjust rent and hang in and hang on.
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24 February 2020 | 4 replies
If they do not want to bend on anything or adjust language to make you more comfortable you should get some referrals of PMs that have been performing.
5 April 2020 | 4 replies
The result of this reconciliation is the Adjusted Sales Price of the comparable sale.
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5 April 2020 | 0 replies
Learned from this one and made the necessary adjustments and made big gains on the next property... check out the notes on my 2nd property.
7 April 2020 | 12 replies
Even if they are real, if these are high end tenants, there is a good chance it's just a friend doing them a favor and playing the odds that it will scare you into complying,Assuming your state Landlord tenant laws allow, I would inform them that they broke they lease (certified mail, heck, if you know an attorney, check with them, they might write something up for for a reasonable fee, what's good for the goose...) and you will be retaining the deposits to cover the last two months of rent owing.For the future, you might consider some adjustments to your lease.In my state, fees and deposits are clearly and distinctly different in at least one key regard: All "deposits" are refundable, even if you were to state a deposit was non-refundable in your lease, state law would over rule and you could be forced into refunding a deposit.For that reason, I never collect any deposits, everything is clearly stated as a "fee", as being non-refundable, and further spelled out that any exceptions for being refundable are at the sole discretion of me.I also collect "last month's rent" and it is clearly stated as such in the lease, it is not a deposit, it is a prepayment of the last months rent, and hence, the only way they ever get the last month's rent back, is when they use towards their last months rent (this has never been a problem).I agree, that you really have lucked out here, if they didn't damage the property, them moving out is really a blessing, even if for some insane reason you did and up giving them half the deposit back.Document everything.
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6 April 2020 | 8 replies
Meaning that by the time they arrive, your ability to make adjustments are gone.
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7 April 2020 | 5 replies
It mazes me how quick we can me to adjust our businesses to fit the current need of the market.
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6 April 2020 | 3 replies
:)Even after 17 years of doing it, I'm constantly refining and adjusting and learning.