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18 November 2017 | 4 replies
Most of the information that I find online says that a person needs a license to rent or lease properties unless they are the owner of the properties being rented, but I can't seem to find anything that specifies if I/we, as employee(s)/agent(s) of the LLC that owns the properties which I/we manage (including showing and negotiating rental/leasing agreements), am technically exempt or required to be licensed as a broker.Any advice would be greatly appreciated.
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17 November 2017 | 6 replies
Hello all, I am looking at a property in Fairburn Ga, 115k, 1175 sq feet, renting for 1095, 2001 builtProperty taxes 750Vacancy 5%Maintenance 5%Leasing 800 per yearWill do conventional financing with 20% down will cash flow around $200.Is this a good neighbourhoof to invest in.Do the numbers look good.
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18 April 2019 | 16 replies
And, to boot, one day after closing they found me a tenant and executed a two-year lease at the exact rate that was quoted in the estimates.
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16 November 2017 | 5 replies
“All real estate contracts must be in writing to be enforceable, other than leases of a year or less and broker to broker agreements.”I think you need to get it in writing...
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16 November 2017 | 3 replies
The lease has 4 more months.
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3 July 2018 | 31 replies
When we propose land JV's we always show the total proforma underwriting.Generically, you putting up 2/3 of the equity and getting 18% of the back end sounds low.The items to underwrite in the model are:RentsOp ExpensesSoft costs and development impact feesConst. costsTiming (entitlements, construction, lease up, etc)Rates and terms on debt (your land will set behind the lenders encumbrance)Developer fee deferral if anyDeveloper fee true equityDevelopment cap rate or NOI/CostAssumed exit cap rateLet's stop there, there are a million more questions to be asked.~ Scott
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11 December 2017 | 10 replies
Most people on the Oregon Coast in populated and touristy areas typically choose to do VRBO or Aribnb to hopefully get more income but long term leases are also a good play on the coast.
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20 November 2017 | 17 replies
Another piece of great info would be what would those houses rent out for if you had a yearly lease instead of daily/weekly etc.Also, how much work do you put in, or does Air BNB do all the management.
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27 November 2017 | 13 replies
My day job is a Realtor, where I help clients buy and sell homes, but the brokerage I work with has a property management side, so I'm well versed on the leasing side of things.
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14 January 2018 | 5 replies
(not sure if theyre actually off yet) This is in Northern Ohio so its plenty cold.She is not on the lease....never has been.