Landlords worry that the security deposits allowed under the bill will not be sufficient to cover these damages.The presence of pets can lead to higher maintenance costs due to wear and tear, noise complaints, and the need for more frequent and thorough cleaning.Financial Implications: The bill prohibits landlords from charging additional rent or security deposits specifically for pets, which landlords argue is necessary to offset the increased risk and maintenance costs associated with allowing pets.Landlords may need to increase their liability insurance coverage to protect against potential issues arising from having pets on the property, which could lead to higher insurance premiums.Key Provisions of AB 2216No Blanket Pet Bans: Landlords can’t have blanket bans on common household pets without valid reasons.No Extra Charges: Landlords can’t charge extra rent or security deposits for pets.Documentation Requirement: Landlords must provide written documentation if they restrict pets for health or safety reasons.Pet Liability Insurance: The bill might require tenants with pets to have pet liability insurance.As always, I’m here to discuss how this might impact us as property managers and landlords.

The Virginia side of the border has only about 4-6 per year that sell on average, with those being almost exclusively on the City of Alexandria and Arlington.

So, if I can buy a $350,000 property for $300,000 by taking over the financing, and turning around and "selling" on a lease option, I am going to sell it at 10% above market.

1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

We have one property that rents for over $2k that we bought quite a while ago - it is in a prime Jones Valley location (35802), and would sell for way over 350k if we ever decided to move it.$250k will get you a rent of around $1500. 

If I'm trying to determine market value of a property I'll use Zillow to see what similar properties in the area have been selling for the last 3-6 months. 

Yes, someone has to pay for the total cost up front and then tenant reimburses them.

Opportunity cost is the name of the game, in a fiat system where we create money out of thin air; Money now is more valuable than money in 30 years.

And if the right property is purchased you can recoup the money to pay back loan and any other start up costs to repeat the process.

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.