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4 January 2025 | 14 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 January 2025 | 35 replies
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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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30 December 2024 | 3 replies
Home warranties can sometimes cover rental properties, but it really depends on the specific terms of the warranty and the provider.
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12 January 2025 | 28 replies
I plan on being on the road here for work in the next day or two and wanted to try and make sure I have everything covered before I leave.
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19 January 2025 | 42 replies
The scope of what you asked covers a broad area from estate planning, to tax planning and forward.
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2 January 2025 | 13 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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2 January 2025 | 2 replies
Each housing authority (HA) provides a voucher amount determined by bedroom and some further define it by zip code or city within their covered area.
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6 January 2025 | 5 replies
I would look at it in terms of whether you can afford a worst case scenario where you're covering the deductible and have a credit line or cash to front the re-build cost and getting reimbursed from insurance afterwards.
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2 January 2025 | 13 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 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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19 January 2025 | 354 replies
In the case where those assets did not cover the costs for the line, would that lender also have a clawback clause that allows them to claw at other assets?