Chris Boyer
New Investor Needs Guidance
13 March 2024 | 9 replies
I own two properties, one my mom lives in and the other, my ex wife lives in.
Duncan Hogan
Getting from the first property to the next
16 March 2024 | 3 replies
My problem is trying to save enough money for the downpayment on the next property, since living expenses hold me back from saving as much as possible.
Andrew Rellinger
When to rip out carpet and install LVP?
16 March 2024 | 22 replies
My plan is to live in the house for about two years, possibly engaging in month-to-month house hacking during that time before transitioning to long-term renting.
Justin Dean
How Much Does Location Matter?
16 March 2024 | 0 replies
Currently living in South Georgia I have noticed a lot of people coming from Florida buying in my area.
Nelressa Faye
Anyone know any halal friendly or sharia hard money lenders?
16 March 2024 | 19 replies
I currently live in Dubai and I can assure you, banks do charge interest on their loans.
Thomas Shepard
Increase Rental Income on a Basic Duplex
16 March 2024 | 9 replies
Make sure you have comfortable living room furniture for guests to lounge in in their down time - these are typically hard working people looking for comfort and quiet when they're not working.
Mak K.
Experience with Renting to Home Health Patients
12 March 2024 | 1 reply
Pros:Stable Income: These facilities often sign longer leases, providing landlords with a more stable and predictable income compared to traditional residential rentals.Higher Rent Potential: Because these facilities generate income through the services they provide, landlords might negotiate a higher rent than standard residential properties, reflecting the commercial nature of the tenant's business.Lower Tenant Turnover: Residential assisted living facilities tend to have lower turnover rates, reducing the frequency of vacancies and the costs associated with finding new tenants.Social Contribution: By renting such facilities, landlords contribute to addressing the growing demand for assisted living and support services, positively impacting their community.Property Maintenance: Tenants in this sector often maintain the property well to comply with regulations and ensure a comfortable living environment for their clients, potentially reducing wear and tear.Cons:Regulatory and Compliance Issues: Facilities must adhere to strict regulatory and compliance standards, which can involve the landlord in complex legal and zoning issues.Higher Insurance Costs: The nature of the business might require additional insurance coverage, potentially increasing costs for landlords if they are responsible for carrying this insurance.Modifications and Upgrades: Meeting the specific needs of an assisted living facility may require significant property modifications and upgrades, which can be costly.Market Limitations: Should the lease end or the facility close, the specialized modifications made to the property might limit the market for future tenants, potentially requiring substantial investment to revert the property for standard residential use.Operational Oversight: Landlords might need to monitor the facility's operations more closely to ensure compliance with lease terms and local regulations, requiring more hands-on involvement than traditional rentals.
James Kim
Rent renewal at decreased rate?
17 March 2024 | 15 replies
How much would I have to pay you to pack up everything on your house, find a new place to live, move all the utilities, pay a new security deposit fight for the old one back, etc etc etc.
Emory Clayton
SLA Clause for fixing appliances in property?
16 March 2024 | 5 replies
Most stoves would be one burner doesn’t work (they can probably live with that.) otherwise I’d replace if it if larger issue.
Leonardo Morantes Gomez
Keeping current primary home as rental property
17 March 2024 | 16 replies
I’ve lived in my current home (Raleigh) since 2018 and I’m hoping to keep it, but have several questions.