Craig James Conrad
Reject lease renewal if one party drops from the lease?
5 February 2024 | 7 replies
Having spent several decades in management in a large company, I know that situations can often be quickly assumed (correctly or incorrectly) to be for such cause, so there is more effort required to justify one's action.
Kathy Utiss
Open AI Advantages To Express Benefit Of Using Non-Profit To Donate To Your Project
5 February 2024 | 0 replies
Legal Compliance:Ensure compliance with all relevant legal and regulatory requirements associated with non-profit activities, especially when collaborating with investors and corporations.10.
Emmitt Augare
Starting out needing advice
5 February 2024 | 2 replies
They can offer guidance on compliance, permits, and inspections required before you can legally rent out the property.Investing in these initial steps will not only help ensure your property is safe and compliant but also potentially increase its value and appeal in the rental market.
Mike Chang
Typical PM practice for bigger jobs
4 February 2024 | 2 replies
Secondly, for larger jobs where multiple estimates is not just a nice-to-have, but required: is it PM's job to look for these estimates and provide invoices?
Taylor Zad
Tenant has property in gross condition so we can't show- can we recoup deposit?
4 February 2024 | 4 replies
It seems as though it would primarily be covered under "normal wear and tear" with a couple exceptions, but if the tenant is required to let us show the property during the last month per the lease agreement, are we able to recoup any portion of the security deposit for lost time?
Joe Shields
Seeking $300K for Boutique Hotel Downpayment by Feb 9 - Collateral & Equity Offered
5 February 2024 | 1 reply
The property is valued at $3,000,000 but is under contract for $2,500,000, providing instant equity of $500,000 upon closing.I am actively exploring ways to quickly secure the required $300,000 and am considering various strategies, including negotiating with lenders or partnering with an investor.
Gina Huerta
Stacking with House Hacking
5 February 2024 | 21 replies
Most if not all owner-occupied mortgages will require you to occupy the property for a year unless a major life event causes you to move.
Desmond Fielding
Transferring Property to an LLC - Fannie Mae Approved Method
4 February 2024 | 5 replies
"Unless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property (or, if the borrower is an inter vivos revocable trust, a transfer of a beneficial interest in the trust) to a limited liability company (LLC), provided that the mortgage loan was purchased or securitized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence)."
Alex Bush
HOA and renting by room single family. How is it even possible???
6 February 2024 | 26 replies
It's like student living but without students, they require a certain home layout to become a host.
Jorge Liang
Turning off electricity service while tenant is living there
5 February 2024 | 18 replies
It all depends on if the company requires a shut off to turn on in someone elses name.