Kar Sun
Single tenants dying while under a contract
11 April 2022 | 7 replies
Since more often than not an estate was never opened, the property manager was left in a legal limbo, and would frequently have to consider hiring an attorney to open up an estate at significant expense and delay.Florida Statutes Section 83.67 solves the problem of the deceased resident and the abandoned property, BUT it only will be effective and applicable if the proper wording is in the lease agreement.The Wording Which MUST Be in the Lease Is As Follows:BY SIGNING THIS RENTAL AGREEMENT, THE RESIDENT AGREES THAT UPON SURRENDER, ABANDONMENT, OR RECOVERY OF POSSESSION OF THE DWELLING UNIT DUE TO THE DEATH OF THE LAST REMAINING RESIDENT, AS PROVIDED BY CHAPTER 83, FLORIDA STATUTES, THE MANAGER SHALL NOT BE LIABLE OR RESPONSIBLE FOR STORAGE OR DISPOSITION OF THE RESIDENT'S PERSONAL PROPERTY.Is This Wording in Your Lease?
Frank Boenzi
Funding a syndication
27 April 2021 | 7 replies
There are a lot of terms for that, but you might hear KP or Balance Sheet Partner pretty frequently.
Nickolas Madsen
Multifamily vs single family rental properties
8 November 2018 | 1 reply
A new, expensive apartment in a hip area may be one you want to re-decorate interiors frequently to keep it fresh, while an older property in workforce housing is more focused on clean and functional over style.
Dana Holland
Showing a house for sale with tenants occupying
13 July 2017 | 2 replies
I can see them complaining about frequent showings and it interfering with them moving their stuff out.
Preston Loveland
Dropping Rental Listing Price
14 February 2023 | 13 replies
@Preston LovelandThere are really only two main reasons a property doesn't rent out:1) Not enough exposure to the right target audience2) The audience doesn't like the price-value relationshipTo drill down on what the problem is:How many views are you getting?
Ran Iarovich
DOOFUS | Buying For Investment Or Upsizing
14 February 2023 | 3 replies
I'm also a frequent short-term stock trader but want to diversify to real estate.
Melissa Thomas
Seller Financing and Deal Negotiations on existing STR
14 February 2023 | 3 replies
Here's what buyers should consider before they finalize a seller-financed deal.Don't expect better terms than with a mortgageAs the terms of a seller-financed deal are hammered out, flexibility frequently meets reality.
Cathryn Provines
Multi Family Investor, Wholesaler, Buy and Hold
8 March 2023 | 29 replies
I also frequently listen to bigger pockets, on the market, and a handful of others.
Pablo Espin
Stuck on how to acquire funding, for my next deal
8 December 2021 | 6 replies
My thought there is that you want to know your audience before papering them to death with a term sheet.
Daniel Velez
Rules in NJ for rent increase mid-lease
30 June 2021 | 9 replies
5% is safe, 10% is done frequently but may get someone to appeal.If you don't have this state pamphlet ‘Truth in Renting’ , download it and refer to it for all state regs regarding renting.https://www.state.nj.us/dca/divisions/codes/publications/pdf_lti/t_i_r.pdf