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6 March 2024 | 12 replies
If you have debt to pay off also you could do a HELOC possibly.
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7 March 2024 | 5 replies
We agreed on a section 8 tenant stabilization plan, and after their first full month of taking over, here's how we're doing: Total Properties: 11Total Rent To Collect: $10,240Historically, under Own It Detroit (Mutual Property Management) -- monthly totals of rent collected on the first and before the 5th was typically $1200 LogicPM has inherited tenants who for the past 6-8 months were told as long as payments come in before the end of the month, partial payments included, you're okay.
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7 March 2024 | 2 replies
If you're worried about break-ins, then you need to secure it.We give our clients several options, including removing & storing the mechanicals to avoid theft.Also, check with your municipality to see if they have any requirements.
5 March 2024 | 7 replies
This cash flow is net of all property expenses, including loan, if any.
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7 March 2024 | 1 reply
Some of my leases need to be updated, including increasing security when increasing rent; putting in clear violations (such as tenants using electrical heaters, which is a fire hazard); having a reliable attorney ready should any legal issues arise.
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7 March 2024 | 4 replies
Including a contingency in the first 3 days after the contract is accepted is a good idea especially if there are tenants.
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6 March 2024 | 0 replies
In our previous discussion, we delved into the effects of interest rates on small businesses, but it’s worth noting that these rates also have considerable influence over larger enterprises.Corporations are facing a daunting challenge this year, with roughly 33% more debt to refinance, totaling a massive 1 trillion dollars or more due in each of the next four years.
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6 March 2024 | 10 replies
You'll always be safer with that, a written contract, and paying via debt/credit card assuming their licensed & insured.Where in Houston are you looking?
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7 March 2024 | 0 replies
This would also include any new Tenants just as above in sect (f)(1).
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5 March 2024 | 5 replies
As many have said, there is always a buyer for the right price, and especially in todays environment with such expensive debt, it is important to price correctly.