Remove Applications Remove Broker Remove Finance
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

Property 200
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

Property 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Refinance Rental Property: Should Landlords Do It?

SparkRental

Mortgage brokers love to tell you they can lower your mortgage payment by refinancing your rental property. That means either selling, refinancing, or finding creative financing. For flexible financing, consider home equity lines of credit (HELOCs)—or, in this case, rental property equity lines of credit. payments 6-12 mos.'

article thumbnail

Lease renewal fees: Evaluating the pros and cons for tenant continuation

MRI Software

Knowing that rent will not suddenly spike makes it easier for tenants to manage their finances. The role of brokers and property management companies in lease renewal fees Brokers and property management companies play a crucial role in lease renewals. A steady rent is attractive for budgeting and financial planning.

Lease 52
article thumbnail

Los Angeles Landlords and Rental Investors Must Know About Los Angeles Rent Control Ordinance

Real Property Management Choice

#1: OBTAIN YOUR BUSINESS LICENSE As a property owner, if you are renting four or more units in the city of Los Angeles, you are required to obtain a business license from the city’s Office of Finance. Applicants who have evictions on their records or unfavorable credit will not waste your time.

Rent 52
article thumbnail

Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

Many times, this is merely the starting point of negotiations between a purchaser and a seller which is commonly drafted by a purchaser’s broker or attorney. Conditions of Closing: Outline any conditions that must be met before the transaction can be completed, such as obtaining financing or resolving specific issues related to the property.

article thumbnail

Is It Easy to Start a Property Management Company?

Real Property Management DC Metro

These forecasts will assist you in determining the economic sustainability of your project, securing finance if necessary, and efficiently managing your resources. They will assist you in navigating complex legal matters, assist you in drafting contracts, and ensure that your operations comply with all applicable regulations.