AJ Wong
Oregon's Multi Family Market lacks inventory not investors
2 February 2024 | 0 replies
We recently listed a northern coastal Duplex that went pending in days and have sold duplexes in Salem, Astoria, Lakeside and a second Astoria area Duplex coming to market. 1/1's will run $100k per door and larger footprints $200-250k and up to $275k per unit in coastal areas.Typical buyer investor profile is Gen X or millennial individual or couple from out of the area or state.
Caren Magill
MTR or sell? I'm not sure our house is the right fit for rentals.
2 February 2024 | 19 replies
Find a Listing Agent who does Rental Listings so they can find tenants for you and use their lease.
Patricia Andriolo-Bull
Why I chose to NOT 1031 exchange
3 February 2024 | 11 replies
The decision on whether to take the L is balanced against the alternatives you listed.
Phil Petite
Having Trouble with the BRRRR Method and Spreadsheet
30 January 2024 | 13 replies
Both homes were purchased in cash, so I do not have any debt on either property.I'd love to do a cash-out refi on either home in order to buy another rental, but I am not sure if I'm missing something with the BRRRR method and would appreciate some guidance.Current Rentals' ARV: $125k for both (slightly conservative # here)Purchase Price for 3rd/new rental: $100KRehab Needed: $2.5k (tenant currently in place, just needs punch list items taken care of)Gross Rental Income: $1500/monthI guess what I'm having difficulty with is how much I'll be able to receive back from the re-fi that I can use towards the purchase of this 3rd property.
Bruce M.
Cash at foreclosures
2 February 2024 | 4 replies
Usually the trustee listed on the deed of trust.
Fausto Carosella
Insurance Co asking to add owner as additional insured
2 February 2024 | 0 replies
They are now requesting/requiring listing an “owner” as additional insured.
Susan Carman
Does REO Properties = No Liens on the Property?
2 February 2024 | 14 replies
They clear the liens, remove the occupants, and put it up for sale as an REO on the MLS with a listing agent.If a mortgage, the foreclosure process has to go to court to receive a foreclosure judgement.
Jeremy Porter
Mastering Property Management: Expert Tips for Landlords
2 February 2024 | 0 replies
These services include:Property Marketing: Real Property Management utilizes various marketing channels to attract potential tenants, including online listing platforms, social media, and local advertising.Tenant Screening: They conduct thorough background checks on prospective tenants to ensure that landlords get reliable and responsible renters.Rent Collection: Real Property Management handles rent collection, ensuring that landlords receive their rental income on time.Maintenance Coordination: They coordinate property maintenance and repairs, ensuring that the property is well-maintained and in good condition.Financial Reporting: Real Property Management provides detailed financial reports to landlords, including income and expense statements, making it easy for property owners to track their investment performance.Legal Compliance: They ensure that landlords and properties comply with all relevant laws and regulations, helping to mitigate legal risks.Benefits of Using Real Property Management for LandlordsThere are several benefits to using Real Property Management for landlords and property owners:Time and Stress Savings: Real Property Management handles all aspects of property management, saving landlords time and reducing the stress of managing rental properties.Quality Tenants: Their thorough tenant screening process helps landlords find reliable and responsible tenants, reducing the risk of property damage and rent defaults.Property Maintenance: Real Property Management ensures that properties are well-maintained, addressing maintenance issues promptly to preserve the property's value.Legal Compliance: They stay up to date with all relevant laws and regulations, helping landlords avoid legal issues and potential liabilities.Financial Transparency: Real Property Management provides detailed financial reports, giving landlords visibility into their investment performance and cash flow.In conclusion, Real Property Management offers a comprehensive solution for landlords and property owners, helping them maximize their rental property investments while minimizing the associated challenges and risks.Managing Tenants and PropertiesTenant screening and background checks.Finding the right tenants is crucial for a successful rental property.
Dan H.
Flood eviction moratorium in San Diego flood areas
1 February 2024 | 2 replies
Crazy to expect the LL to be financially responsible for this but from a politician perspective they cannot have the tenants suffer more than having their personal items damaged (which is significant but not in comparison to the LL who has damage to the units).By the way the vote was 4 to 1.
Marc Dufour
Venmo to collect rent payment?
2 February 2024 | 45 replies
There has to be contact to a "personal" item at some point, whether it's my hands or my Venmo account.