Alex Molina
Lease Renewal. What is the standard rent increase rate (1%, 3%, 5%, etc)?
Hello, I have a rental in New Haven, CT (3 Beds/1bad). It's currently renting for $2095 and the tenants are going to complete their first year in the property and intend to do a lease renewal. According to my property...
Tuan L.
Buying materials for contractor or paying a quote price?
For major rehab, do you prefer to buy materials for contractor or just pay the GC the price they quote? I'd love to hear your reason behind your choice. If you buy materials for GC, how do you buy in advance to make t...
Jared Garza
FAST Lending options?
I’ve got a buyer prepared to purchase this property. He has 30k for down payment, needs the other 60k lent to him. His plan is to live in it for 2 years, make some upgrades, then sell for a profit. The problem is we h...
Jason Meissner
This is golden real estate - Not difficult to make $200,000 + DAMN ITS GONE
This location is amazing and you can easily add the square footage to get over 2 million at the sale after the remodel. The home next door just went $300,000 over asking. This is a good example of getting in and out i...
Thao Tran
How to refer a commercial client as a new agent
Hi there,
I'm a new agent that got my client not too long ago. I have a client looking for a commercial place but seem when I called a few brokerage, they said you should refer it to their commercial agents as I'm ne...
Matthew Charron
Documents requested in MFR purchase
When you are purchasing a small multi (2-4) property, what documents do you require as proof of rent and that tenants have been paying? Do you ask for the same documents whether the property is bought of the MLS with ...
Quinton Thomas
Tax Planning strategies
I'm Curious to see how other REI handle their taxes and when do they start the planning process. I've talked to a few CPAs in my area and very few of them know the many tax benefits that come with RE. Any recommendati...
Alex U.
Architects Adu fees
How does one figure out what is a fair fee to pay architects? I am seeing ADU architects all charging about the same amount, but not really designing anything new. ADUs designs are fairly basic. An Designer/Archite...
Richelle Bryan
Realtor Representing Multiple Clients on One House
Does the same real estate agent typically present multiple offers from multiple people or do they offer just one client at a time for one property? I ask because a realtor has asked me to be exclusive, so my first tho...
Patrick Shep
Umbrella Insurance 3 states
Advice on getting umbrella insurance for 7 units in 3 states (MD, MI and NY). My primary house is in MD. I was quoted $504 for 6 months through GEICO but it seems high. Other carriers I have called want all of the ins...