All Forum Posts by: Mason Hickman

@Brook Davenport

It isn't an accessory dwelling unit without a kitchen. Bring the appraisal back to the sellers and negotiate based on the appraised value. 

@Tania Ninerell

Another red flag is if they ask for funds up front for the application. 

How far off are the rent appraisals? Do you have any direct comps to share with the appraiser? Another easy data point to share is the Section 8 rent amount.

I use the VA Hub.

@Chan Park

Personally, if they have been good tenants, it is a desirable area, and offered you two months upfront, I would probably take it and get it rented out as soon as possible. You already said you told him you wouldn't hold him to it, so it sounds like they are trying to do the right thing by you. Also just request the ability to get in for showings, etc in exchange for breaking the lease. 

@Sarah Pelton

Try them both and see which one fits your style and time-commitments. It never hurts to be in more than one!

2 weeks to go! Join us and other Cape Cod and South Shore real estate investors and service providers this Wednesday, November 16 - to discuss the market, deal flow, and anything else that comes up!

Light food will be provided and alcoholic drinks are available for purchase.

Feel free to leave early or stay late.

Click this link to sign up!

@Jay Cho

Best to take care of the mold right away. At the very least, get some dehumidifiers going and remediate the mold that is already there. The lack of air circulation could be the big problem if the house is tight and the tenants don't circulate air. 

I don't think electric baseboard would help your situation. If you went to an HVAC system with a dehumidifier, that could help.

@Max Lichtenstein

Massachusetts is definitely a more expensive market and will be harder to cash flow, but still possible and will obviously be impacted by how much you put into the deal. The more units you can get, the better.

@Account Closed

They nickel and dime for everything. Want a keyword pack? It'll cost you. Want to track more than 20 keywords, it'll cost you. Want someone to help make their blogs not sound terribly written? You guessed it!

Still using Carrot but have not been blown away.