Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.

Can we stop renting our house hacked property after one year if we want it wholly for personal use?

This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.

.- I go to military training on the 7th.I have a good lock on my interest rate and afraid of doing the mortgage application over again due to a slight decrease in my current job pay but will be going up again in a few months and I'll also be house hacking once I own and solely live in the house.

These are some of the ways the clients could be affected by property managers who are not prepared: Extended VacanciesInadequate marketing strategies and tenant screening processes can result in prolonged vacancy periods, translating into substantial lost rental income.High tenant turnover due to poor resident relations further exacerbates vacancy losses.Inadequate Maintenance and RepairsNeglecting preventive maintenance and delaying necessary repairs can lead to accelerated property deterioration and higher long-term repair costs.This can also negatively impact tenant satisfaction, contributing to higher turnover rates.Legal and Compliance IssuesLack of knowledge or disregard for landlord-tenant laws and regulations can expose investors to costly legal disputes and penalties.Failure to properly handle security deposits, evictions, or fair housing practices can result in significant financial liabilities.Ineffective Financial ManagementInaccurate budgeting, expense tracking, and financial reporting can lead to uninformed decision-making and missed opportunities for cost savings.Failure to optimize tax strategies and leverage available deductions can further reduce net returns.Diminished Property ValueInadequate maintenance, high vacancy rates, and poor tenant screening can negatively impact a property’s perceived value and appreciation potential.This can significantly affect the long-term return on investment when it comes time to sell the asset.While a 10% management fee may seem reasonable for a well-performing property manager, the cumulative impact of mismanagement can quickly escalate the effective cost to investors, potentially outweighing any perceived savings on the management fee itself.

We purchased the home on 11/16/2023 for $350,000, invested $1,500 in minor renovations, and sold it for $417,000 on 02/13/2024.

Something I've observed for many years is that the price of housing in the Boston area has skyrocketed. 

I am looking for a sign to put in the window or on the door that the house is not for rent.

Contact the housing department at FAMU and see if you can get on their list of off-market housing opportunities.2.

Although no major renovations were needed, our effective negotiation and rapid transaction management significantly increased the property's market value.