Sam Chan
Investment property refinance
24 October 2024 | 20 replies
Sam, the requirement to wait before refinancing—often referred to as a "seasoning period"—is a standard practice by many lenders, even if you're only doing a rate and term refinance.
Cindy Joseph
First time land lord- need advice on rent/income ratio and let fee
23 October 2024 | 7 replies
People here will tell you to follow your standard rental qualifications no matter what.
AJ Smith
When to Start Pitching Deals
19 October 2024 | 10 replies
Do you have internal teams for each market?
Rehaan Khan
How to deal with a bad contractor?
21 October 2024 | 4 replies
a) What does your Contract say about how to deal with sub-standard work?
Christian Latimer
Buying friends house
23 October 2024 | 8 replies
That being said, it is a great neighborhood and good entry point for those wanting to get a little "discount" off the "standard" home prices in the Woodlands with great Conroe schools.
Brett Riemensnider
Starting the Renovation Process
22 October 2024 | 4 replies
Really competitive pricing, and their electricians are super knowledgeable and do great work.For HVAC, Standard Heating and AC have done quality work on an AC installation, as well as servicing multiple furnaces at my properties.I don't have a good rec on a plumber in the area - all of the outfits in the twin cities I've contacted that have more than 2 employees seem to not want to touch small/medium-sized jobs, and overbid pretty aggressively as a result.
John Semioli
Refinance Options for STR when loan-to-value ratio (LTV) isn't enough
24 October 2024 | 19 replies
It’s common to hit some hurdles with traditional lenders, especially when LTV requirements are strict or when cash flow doesn’t align with standard underwriting practices.If you're looking to refinance quickly and pull out cash, private lenders might be more flexible with both LTV and the cash-out process.
Cherilyn Williams
Late Rent Payments Keep Happening: How to handle this situation?
22 October 2024 | 14 replies
She can't afford rent, so you get her moved out by the end of the month, then apply her deposit to the unpaid rent, cleaning, and repairs.I may even incentivize her to leave quickly by offering to forgive the unpaid portion of rent if she gets out by the end of the month, but it really depends on a number of factors and I'm not going to ask for details.For future reference, best practice is to have set standards and adhere to them every time.
James R.
Glut of STRs in Every Major Market. The Elephant in the Room.
28 October 2024 | 40 replies
We rented out home in Vegas as fully furnished. and where shocked to see rents at double or more standard rent.. furnishing nice but not over the top.. been very good on that end plus with rents that high the quality of the tennants is very good.. can easily self manage..
Ankur Jain
Pool or Views for vacation rentals
22 October 2024 | 5 replies
From here, you can analyze specific properties and run underwriting and projection tools.Keep in mind that running a property with a pool does incur more expenses, heating the pool, emergency maintenance, standard maintenance, higher insurance, etc.