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12 June 2024 | 14 replies
Excel tells me how much all of the regular things are (mortgage, insurance, etc), but the notebook is where I track everything for taxes and what I grab when I do my taxes (along with a file with all the receipts and copies of bills).
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11 June 2024 | 7 replies
I've recently left my long time W2 job after my leave of absence expired when caring for my husband.
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13 June 2024 | 0 replies
I read something called NBT (Net Billing Tariff) may apply but I am unclear how it would impact tenants and if the landlord were to move back into the house after tenants move out?
13 June 2024 | 7 replies
The last two years I'm basically breaking even on the rents, but after cap ex I'm out $2000-$3000 so far.
11 June 2024 | 2 replies
After 6 months, or 1 year (whatever time limit required), I take a cash out refinance (probably up to 75%) on "my" property to buyout the other owner (grandma).3.
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13 June 2024 | 4 replies
After further research, it looks like I need a CA Real Estate Brokers license if I want to work for myself/have my own LLC and business name.
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12 June 2024 | 15 replies
A short term rental requires quite a bit more effort than a long term rental including quick response to all guest communications, managing cleanings after every stay, keeping on top of maintenance (emergency and deferred), marketing the property on all major OTA sites (i.e.
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?
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14 June 2024 | 13 replies
City council says the bill would not be considered until after the council meeting this month.Rochester’s Housing Quality Task Force expands focus to homeownersIn order to evict a tenant or deny a renewal, landlords would have to prove the tenant did not pay rent and that it did not result from an unreasonable increase in rent, the tenant violated an obligation of the lease, is being a nuisance or doing illegal activity, or unreasonably refusing to give a landlord access, among others.
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14 June 2024 | 4 replies
No system is perfect, so don't waste your time chasing after the next shiny object.