Brandon Foster
North County San Diego, New Laws Regarding Rentals
16 January 2024 | 3 replies
I wonder if you could switch to one of those insurance companies that guarantees rent for a monthly fee?
Leo R.
Are you using projection models? (Here's why you should)
16 January 2024 | 16 replies
.), income, cashflow, debt, DTI, equity, property appreciation, rent appreciation, mortgage paydown & amortization, rate of net worth growth, cost of living increases, hours worked per week, cash on hand, etc, etc.I have short term (12-24 month), 5 year, 10 year, and 15 year projection models...sometimes I'll mess around with longer term (20+ years) projection models, but it's pretty difficult to project that far into the future, because there are so many unknown factors--so, the longer the projection model is, the less I tend to believe in its feasibility...My projection models allow me to make more informed decisions about things like: whether to buy or sell a particular property, whether to refi a property, whether to rehab a property, whether to pursue or abandon a particular revenue stream, how to approach rent increases, how to manage risks, what debt to pay down first, whether a particular goal is worth the amount of hours I'll need to work to achieve the goal, what my goals should be, how to achieve various goals as efficiently as possible, etc., etc.
Christie Gahan
Is property management a good business?
16 January 2024 | 3 replies
Our management fees have never ever changed in 30 years😳, but our expenses have quadrupled over that time.
LaToya Morris
Lender Demands Payoff 3 Weeks After Closing
16 January 2024 | 1 reply
Regardless of the issue/mistake the bank is owed money and the borrower is legally required to resolve to clear/release lien so they can fund and file book and page.I would advise your client to not argue or delay this to avoid interest and additional fee's and figure out a payoff and resolve quickly.
James McGovern
Flipping Houses in a 55+ community
16 January 2024 | 1 reply
I check the page and Bam...55+ I was bummed.All in all I think they are great if you find the right community and the HOA fee's are decent and the management is not over the top too crazy as far as the overall do's and do not’s of the place.
Tom R.
Would you rent to someone with a past eviction?
16 January 2024 | 16 replies
Excerpt from our rental criteria:RESIDENCE/RENTAL HISTORY1.We will examine the most recent five years of residence history and all legal history.2.Home ownership will be verified through the tax assessors office and/or credit report.3.Rental history will be verified through the property owner and/or rental agent. 4.Rental history reflecting any unpaid past due rent, damages or fees will result in denial.5.Rental history showing excessive property damage, excessive noise, or unruly behavior will result in denial.6.Three or more notices for failure to pay rent and/or to comply with the terms of the rental agreement, within a 12 month period, will result in denial.7.A person with an eviction or unlawful detainer on their record may be approved if full restitution has been made.
Nathan Patterson
Take Out A Loan or Use Cash For Renovation
16 January 2024 | 7 replies
Now would it be better to A) use the cash in the bank so that way you can avoid additional loan fees/interest.
Wang Windy
Where should I invest in the Bay? Is Oakland an option?
16 January 2024 | 36 replies
A little higher with tax benefits factored in.
Shawn W.
Commingle$ & Completion date in Purchase Agreement for New Construction Single Fam
16 January 2024 | 8 replies
As someone in an earlier post said, there are too many factors out of a builder's control to just agree to a firm completion date with penalties for not being completed by then.
Dylan Lersch
Landlord wants money from a month they didnt collect from.
16 January 2024 | 7 replies
It sounds like there’s not a “fee” for moving out before the two months, you just owe the two months of rent, it’s not a fee, it’s rent you owe.