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14 January 2025 | 28 replies
I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company.
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23 January 2025 | 21 replies
While they may or may not be professionally managed, Class C properties will have some deferred maintenance issues and need renovations and upgrades.
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13 January 2025 | 1 reply
We manage a property that was having drain field issues for awhile, got estimates and had the owner approve one of the vendors.
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10 January 2025 | 13 replies
Basically, these are lands that technically qualify as Sending sites, but that have issues such that nobody really wants to build there.
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10 January 2025 | 12 replies
The issue I had was that most lenders required a certain number of completed flips done under a LLC.
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16 January 2025 | 8 replies
We have become good at it, by simply issue a 3 day letter to pay rent or quit.
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13 January 2025 | 11 replies
If there are items of value left behind, or even personal items of sentimental value, I will follow the abandonment rules to a "T" to avoid any legal issues.
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14 January 2025 | 5 replies
There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!
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17 January 2025 | 7 replies
As an investor - if I was putting $125k down I would want title in my name and a clear title policy - so that is where I would have the issue.