28 January 2020 | 4 replies
It is important that you understand his/her motivations, not only will this help you tailor your deal but it may also help you avoid buying a dud.
28 January 2020 | 2 replies
Pre-paid rent and security deposits have very different rules and handling so it would be our position that we do not need to pay interest.In the case of deposits on utilities/trash I would think you are much closer to and probably are holding a security deposit and you should pay interest if they put you over 1 month of rent.Regardless of our interpretation, we actually decided to pay interest in the above situation to avoid the potential for legal costs (1 hour with an attorney exceeded the interest), BBB complaint, hours of staff time arguing about it, bad online reviews or any of the other various things that happen when a resident doesn't like your answer.I will be interested to hear other people's take on the last month being used before eviction.
1 February 2020 | 15 replies
Avoid these like the plague.
28 January 2020 | 11 replies
Avoid the biggies like foundations, termite damage (unless it's easy to access and fix), mold / lead paint / asbestos remediation, full kitchen/bath remodels, etc.
29 January 2020 | 11 replies
Do I move every year to avoid investment property taxes?
28 January 2020 | 4 replies
So at the end of my 3 years I'll have a minimum of 8 cash flowing properties (I currently own my home, one investment property that is a long story but is not cash flowing as good as it can, and have an agreement in place to buy my next home so I can turn my current one into a rental, if I don't decide to sell to avoid depreciation recapture; which I think is something that needs to be discussed more for medium term buy and hold investors).
26 August 2021 | 20 replies
If you wanted to avoid that you could hire a PM; I’d be happy to refer you to the team that manages my Halifax units.
30 January 2020 | 4 replies
That’s probably your best bet, avoiding a direct conversation with a lawyer about the issue and just motivating the client.
30 January 2020 | 16 replies
Waianae however, an area most people use to avoid, is now growing with lots of new homes that are still affordable.
30 January 2020 | 2 replies
I am trying to avoid falling into the trap of manipulating the numbers to justify moving forward.