Grace Hartman
Company swapping tenants in violation of the lease
8 March 2024 | 5 replies
This violates the lease, but rent is paid on time each month, neighbors have not noticed anything unusual, and the tenants are hardly ever there so overall, they are good tenants to have.I am debating ending the lease due to the clear violation, OR adding the new employees to the lease for a fee with regular inspection to ensure only 3 people are staying in the unit.
Scott Miller
Non performing notes
9 March 2024 | 10 replies
Let me know if you have any additional questions.
Jacob Willett
Down Payment Assistance
9 March 2024 | 4 replies
Some grants are deferred payments, or will be an additional amount added on to your mortgage.
John Williams
Self-Manage vs. Hire a Property Manager
9 March 2024 | 6 replies
Their perspectives have been invaluable in highlighting the nuanced balance between the challenges and rewards this venture entails.Self-managing, especially given the property's distance, presents unique challenges, primarily revolving around the commitment required for regular maintenance and promptly addressing tenant needs. a property management firm I'm considering offers a fee of 9.9% or an intriguing maintenance-only service at $95 per month.
Alexander Lang
Bed Bug Addendum
9 March 2024 | 11 replies
We sent our surveys for going smoke free, and might start with one building going smoke fee after 1 year.
Mark Gerlach
Investor/potential property manager
9 March 2024 | 5 replies
If I understand it right it’ll cost a bit more in the short run due to loan origination fees and higher interest then a more traditional loan?
Matt Nettles
Michael Blank Mentoring?
11 March 2024 | 39 replies
----------The only time I'd consider a $30k mentoring/mastermind fee is if I'm already at 6-figures in profits in RE or any business...and I'm trying to get to 7-figures.
Alex M.
Partnership structure - buy and hold
7 March 2024 | 13 replies
We've done a few deals together in this way and currently hold 10 properties together - with an additional 3-unit closing next week.The basic structure made sense for me to get started - my partner provided the cash injection and I provided the time and effort to find the properties, fix the first couple and/or manage the contractors.
Rohit Dhing
Investment property Mcallen vacancy issue!
9 March 2024 | 8 replies
I strongly favor regular price reductions until leased out.Most people make the mistake of letting it sit too long when simple math points to that fact that 2 additional weeks of vacancy at $1000 per month equals $500.
Elijah Kenan
Looking for Lender for 5x properties (60-75K ARV)
9 March 2024 | 4 replies
No major additions or big construction.Without running a full appraisal, I can only guess on the value, but I think it'll depend on how good our wholesale deals were below market rate.