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9 July 2024 | 7 replies
They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.
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7 July 2024 | 6 replies
How long do you typically wait for a rental property to sit on the market before considering selling it?
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10 July 2024 | 18 replies
Property is a C class area, so I am concerned about the quality of tenant I will get but I am close to Ohio State University, a hospital, and short north/downtown columbus so I am hoping as long as I screen tenants I can find some promising people.
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10 July 2024 | 6 replies
The way we look at it however is this sort of situation would be OK - but its a one time referral fee - any sort of arrangement with a long-term referral fee / borrower protection is reserved for true professional mortgage brokers - who like @Chris Seveney mentioned, would be doing more legwork on the deal vs. a simple and clean referral handoffvia CFPB on referral fees for business-purpose hard money loans:§ 1024.5 Coverage of RESPA.THIS VERSION IS THE CURRENT REGULATIONView all versions of this regulationSearch this regulationRegulation X(a) Applicability.
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9 July 2024 | 9 replies
So now this month only we paid more than $200 in ACH fee only, which was $0 for last 2 years I have been using TenantCloud.
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9 July 2024 | 197 replies
:)At our last REIA meeting, a female HML introduced herself (all new attendees get that opportunity).
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9 July 2024 | 2 replies
However I don’t see anything wrong with tenant #2 playing their music during the day as long as it’s not at night.
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10 July 2024 | 24 replies
You will certainly pay a premium for turnkey, but if your long-term goals are appreciation and stable yet modest growth, it is certainly advisable.
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9 July 2024 | 5 replies
But does San Antonio have real long-term growth potential?