James Qiu
Ex Parte filed by my tenant right before lockout in eviction case
3 November 2023 | 7 replies
Today I got a call and text message from my tenant that she filed an Ex Parte application for an emergency hearing to determine whether to "stay the lockout".
Michael Plaks
EXPLAINED: IRS audit "insurance" - no more fear of an audit?
4 November 2023 | 2 replies
I personally know quite a few people who took on the IRS and emerged victorious.
Robb Wisely
Scottsdale Short Term Rental Realtor
9 January 2022 | 18 replies
Scottsdale requires the owner to provide emergency contact information to the city and assess a fine to the property owner if they don't.
Gp G.
roof on field lines to protect it from heavy recent rains in atl
25 February 2020 | 1 reply
An emergency septic service cleaning can provide temporary relief, but this is often a futile exercise in battling mother nature.Conserve water to minimize the load on your septic system.
Tal Shachar
Replacing windows in a 120 years property
26 October 2021 | 60 replies
The 2nd floor is always more challenging than the 1st floor but renting a lift gets you past the height issue.The main reasons I replace with standard sizes, I can check for water intrusion, I can insulate better, I can replace with dual pane, the windows are easier to open in an emergency, they are easier to replace in the future when a baseball goes through them, they look better and they increase value.
Melanie Stephens
Biggest Mistakes/Lessons Learned: Short-Term Rentals
8 December 2021 | 123 replies
Digging a new well cost us $9500, while the emergency plumbing, hazmat cleanup, and repairs for the septic pipe and basement cost us another $5000.Lesson #4: Don't panic and don't act based on emotion.
John Gambone
Cash Reserve Question
24 February 2015 | 4 replies
Cash reserves also include an owner's ability to borrow, getting to other sources of funds for emergencies and being able to carry short term debt.Multi, 5+ units are more to condition and net worth along with reserves and that is considering the debt coverage ratio, a minimum of 125%, better at 175% or more. 6 months PITI is still valid, that may well move out to 12 months as a compensating factor.Compensating factors are those aspects of the property, net worth, income and management experience that may out weigh a borrower's lacking in other areas.
Timothy Trewin
HELOC on an investment property?
30 December 2018 | 7 replies
I do not want to drain my emergency fund in order to have the funds to pay for the down payment and would rather leverage the equity I already have.
Asif M.
What would you do
28 July 2014 | 20 replies
If you did your yields would be better, but of course you would have no shared appreciation.Since you've put the 3hr limit on distance from LA, a preference for appreciation (I assume over yearly cash flow) and noted you're handy I'd suggest looking into a emerging B or C market in LA.