Jenny Milu
Evaluating Syndication Questions
13 March 2024 | 7 replies
I expect and require humility, fear, discussion of lessons learned, and a cautious rationale for why and how htey will move forward.
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.
Kain Kim
Buying a turnkey with a partner
12 March 2024 | 1 reply
Hi investor folks,My partner and I are looking to buy a rental property in GA for a corporate lease (we already have one connected).
Grant Greenwood
Capital gains on partial release
13 March 2024 | 3 replies
After closing find a buyer for the unwanted property and conduct a partial release with my lender.I assume option 1 would require me to pay capital gains on the sale and I wouldn't have the ability to 1031 since I will not have owned the property longer than a year.
Jonathan Molas
Renting to Assisted living company
12 March 2024 | 2 replies
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 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 to 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 to 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.I know tons of investors who are renting out their properties using this strategy here in Fort Worth.
Manan Shah
4+ unit properties
12 March 2024 | 7 replies
You'll have higher out of pocket costs for inspections and appraisal on 5+ units, LTV typically doesn't go as high, many lenders require a 70%+ occupancy rate.
Amador Abreu
Potentially dangerous eviction - Seeking Advice
12 March 2024 | 22 replies
Thanks all,I will for sure rely on the law enforcement work, just am worried that I will need to be there per requirement, as I need to move all that stuff out.
Michael Baum
Interesting video. Not real estate related...
11 March 2024 | 3 replies
I figured with so many folks invested in the area they might find it fun!
Laura Kimmel
Tenant has defaulted on lease, question regarding notice to quit
13 March 2024 | 7 replies
My understanding is Oklahoma law requires a 15 day notice to quit for damage and a five day notice to quit for failure to pay rent.
Sean Petrie
Bad time with rates and prices!?
13 March 2024 | 11 replies
Also, banks are lending with lower leverage which means investors are required to bring more cash to the table to close.