All Forum Posts by: Marci Stein

 I’m looking at a 7 unit building . 
does the vacancy rate and repairs go into evaluating the cap rate , or is it just income versus debt ?

TY !

Raise the rent even if it’s $25 a month . cost-of-living go up annually . 
this is a business

First , you don’t have to let them out of their lease .
Also , you can’t find a new tenant unless you have a moving date to offer them. 

second , if they find a tenant , they must go through your screening process and be approved by you . 

third , if they move out and there is no tenant in place , they are still responsible to pay until the lease expires. 

Save 10% of every penny you earn . pretend it doesn’t exist ,regardless of how much or how little . 
if you can save more , that’s great . but don’t even think about touching that 10% ever.
Have it come out automatically into a separate account

I’m sure your lease says rent is due on the a specific date for the next 30 days for the month . 
It’s not based on how many days they are there during the month. 
renting month-to-month means they are paying for the month , 
not only for when they are there - that is irrrelevant. 
similarly , I rent my office , but I have to still pay rent when I go away on vacation I can’t deduct the rent because I’m not there 

Good : TY!

A potential tenant relocating here for two years for a job told me his company pays the rent , plus utilites . 

. I confirmed this with his current landlord and she said yes 

it’s confusing because he is signing a lease yet he’s not responsible for the rent . how does this work ?

Has anybody been in this situation? 
thanks!

I’d be hard-pressed to charge my tenant a pet fee if there is no pet

@Joe Splitrock What difference have you noticed —for better or worse?

Thank you for the replies — 

will try it:)