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6 May 2024 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
6 May 2024 | 12 replies
You have to weigh the cost of a non-renew against the potential income you could make.
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6 May 2024 | 7 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.
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5 May 2024 | 17 replies
Other hidden costs you need to consider when evaluating HM lenders:-Applications Fees-Administrative Fees,-Commitment Fees-Underwriting Fees-Origination Fees-Loan Servicing-Rehab Draw Fees-Inspection Fees-Interest paid on undrawn rehab budget?
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5 May 2024 | 9 replies
One of the biggest complaints with DSTs is the high cost/fees associated with them.
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5 May 2024 | 3 replies
I read everything on Carroll's website and scoured the web for all the cost information, etc. but I haven't been able to find anyone who's actually built with it.
5 May 2024 | 6 replies
Unless it's a tremendous amount of money, it will probably be more trouble and cost to collect than you're willing to get into.
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9 May 2024 | 28 replies
We end up going over budget on house flips as well, so now I add $20k to whatever I think it's going to cost and at times that's still too low.
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6 May 2024 | 11 replies
Costs less than a motel.2.
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6 May 2024 | 8 replies
Since they are solely transaction based and don't have to deal with tenants after they move in:1) Many are only interested in getting their commission and moving on2) Many think they are doing everyone a favor by working with a lease client, because they could be making so much more working on sales transactions3) Many complain about screening processes as they only see them as:---Potentially costing them their commission if their client isn't approved or finds something else during the process---Slowing down their commission payment4) NEVER allow an agent to screen a leasing prospect as they have a conflict of interest!