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2 June 2014 | 15 replies
There are many who would be happy to show you around on the basis of nothing more than a request, and many more who will do so with some sort of evidence that you have some money (like a bank statement.)People on this board like to talk about "control" as it relates to tenants.
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5 June 2014 | 23 replies
The best move-in special is something that adds value to the apt too (i.e. a cutting board so they don't scuff up your counters or a ceiling fan installed in a room)- find somewhere else to advertise your rents (from another BP post I learned about rentlinx.com and it's a great tool I use every day)- do a resident referral program - give them money (that is less than the lowered-rent option over course of a year) for someone they refer who signs a 12-month lease- crazy tip but always have your rent prices end in a $9 - there's a lot of studies that support this and you get the most out of your rent as possibleAt the end of the day, if your rent is way higher than everything around you then you'll simply have to lower it.
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4 June 2014 | 2 replies
I recently read Brandon Turners 14 Things Real Estate Investors Should Do Every Day and a big one was "Review Your Big Goals".One of my big goals is to create passive income that I can collect with little hassle and owner financing homes to owner occupants is a business model that I find to be a very intriguing business acumen.
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19 December 2014 | 5 replies
He is signing for my first property within the week.I can and do completely trust my Father.If you have someone like that in your life maybe give them power of attorney to buy properties in your name.Someone also posted you can do power of attorney on a deal by deal basis.
8 March 2015 | 24 replies
@James Kendrick im not an attorney, and happily as i would have a difficult time battling my integrity to do my job on a daily basis. i wouldn't say i was all of a sudden fed up either.
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25 September 2014 | 2 replies
Historically I have always screened tenants one at a time (mainly because the applications tend to come in every day or two) and have chosen the first qualified.
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1 October 2014 | 12 replies
Our attorney who did our closing on a property with tenants, used the leases as a basis for prorated rent and security deposits and transferred the deposits as part of the settlement.
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21 April 2015 | 6 replies
It also means that the mortgage is still intact and the property is unlikely to have much equity.Remember, banks got TARP money, made profits up the yen-yang (ironically with lots of Chinese money) and these properties are just a pain to remediate on a large scale basis.
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25 September 2014 | 1 reply
Here are my basis points currently:1) I really trust these guys, and they all have pertinent experience with construction, remodeling and HVAC.2) We are all in the same stage of life... mid 20's, currently renting, new family's, and most importantly low personal capitol.Here is what I'm weighing:1) Is it more helpful or more harmful to have cost/profit sharing?
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25 September 2014 | 2 replies
Everyday is a new adventure with the previous day unlike the next one.