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Results (10,000+)
Gabe G. multiple applicants. How the heck do you guys decide?
23 May 2015 | 18 replies
Because of the nature of his job, he may be more likely to track dirt and store tools in your unit.
Nikolay Voronovich Looking for co-signer.
15 May 2014 | 6 replies
While an extra $200 a month above your current rent+car payments is certainly achievable for a financially-disciplined person, your actual monthly expenses may be far greater than $2,155.When calculating your monthly housing expense, you also need to account for some of the following items that, as a renter, you do not budget-for, in addition to the $2,155 "base" loan payment:HOA (these can sometimes be several 100's per month, especially in condos)Homeowners' Insurance (this will be several 100's per year)Utilities (some may be covered by your condo HOA)Property Tax (if you don't save for this, you'll be scrambling for cash when the bill arrives)Mortgage Insurance (might be required depending on the size of your down payment) The above factors may be why your bank/lender is only qualifying you for a $1500 per month loan; though you can afford $2200 per month in aggregate, the bank does not want the HOA or County of LA to lien the property due to delinquent HOA payments or Property Tax payments, both of which are senior to the Bank's Paper.
Account Closed Are condos a nightmare and to be avoided?
15 June 2014 | 11 replies
If the numbers are right and there are other items in the "plus" column it could be worth hanging on.There's really too many unknown variables here to give you a meaningful opinion from here, like: prices, rents, amount of cashflow and equity, your longterm plan...
Steve L. Running a Home Owners Association?
25 June 2014 | 6 replies
After that is confirmed, figure out what items the HOA is responsible for and what reserves might be needed in the next few years to pay those Capex projects.
Pam N. Can you always make a tenant pay?
12 May 2014 | 9 replies
So what happens is they will let items (like leaks) occur and just deal with it.
Chan K. Landlord, Tenant, Screening, Massachusetts
12 May 2014 | 7 replies
Please include the following 5 items: Clear copy of your Driver's License Current Voided check or Bank Deposit Slip: This serves as a secondary form of ID, we may cross reference check with the bank to verify your identity.
Johann Jells Can I refuse to accept section 8 from a current tenant applying for it?
12 May 2014 | 13 replies
The inspection will fail for serious items like dead battery in a smoke detector or trivial items like missing 1 screw on a outlet or switch cover plate.Faill the inspection and they will advise the tenant to move out!
N.A. N.A. where to find info for negotiating NNN lease
13 May 2014 | 2 replies
Hello,Relative has a stand alone NN property (drug store - national tenant) and lease is currently being renegotiated.
Markeilsha R. Foreclosure 101
12 May 2014 | 7 replies
A couple weeks ago I noticed my neighbors were suddenly gone, but occasionally they'd come back to collect certain items but never over night.
Kyle Meath 3 Family analysis in MA, first property...
15 May 2014 | 6 replies
Given you did a pretty good job identifying expenses and have a line item for your utilities I don't think you would have missed that.However I also agree that 5% maintenance is kind of low especially if you aren't putting away anything towards CapEx reserves too.