I am about to rent out my first house. How does everyone typically handle the lawn? Do you have the tenant maintain it or do you hire a lawn company to maintain it?
I do SFH and they all do the lawn on their own. I specifically put in the lease if the grass exceeds 6 inches then I send the lawnservice dude out and they pay for it or out they go! You need to specify inches or something like lawn will be comparable in appearance to surrounding properties if the neighbors are on the ball. I like the inch rule in case the neighbors move or something else.
Well, California certainly looks bad according to them! I was surprised to see Honolulu slated for price increases- everyone I know in Hawaii says prices are dropping. I guess they figure they have bottomed out...
I started investing in WA state just south of Tacoma, and moved to California. I still only invest in WA and have not even bought a house here yet. Only been here for 6 months. I hope the figures are right because I would have guessed about the same.
• Refinance the properties with the most equity and pay off others.
• Put HELOCs on the existing properties and buy the next ones cash.
• Cross-collateralize.
• Create a blanket loan for existing properties.
• Find a more liberal lender that have higher limits on how many properties you can own.
These are just a couple of quick ideas. Maybe other people will come up with some more.
We have refinanced the ones with the most equity and have enough cash to buy our next two places, but I know having too many mortgaged is on the horizon. What is the difference between a blanket loan and rolling all 8 together into a commercial loan. Are the terms more favorable than the arm or balloon of a commercial. Again, thanks in advance for any info.
House tenent does (in lease and fine + cost if I have to do it), duplex or multi I hire it done (My son who hates doing it).
J
SFHs we put it in the lease for the tenant to be responsible.
Townhouses and Multis we take it on.
Jim
I do SFH and they all do the lawn on their own. I specifically put in the lease if the grass exceeds 6 inches then I send the lawnservice dude out and they pay for it or out they go! You need to specify inches or something like lawn will be comparable in appearance to surrounding properties if the neighbors are on the ball. I like the inch rule in case the neighbors move or something else.
I also have tenants cut the lawn, and in the several houses I have rented in my life I was always responsible for it.
Chris
Thanks for the link. Very interesting.
Well, California certainly looks bad according to them! I was surprised to see Honolulu slated for price increases- everyone I know in Hawaii says prices are dropping. I guess they figure they have bottomed out...
Chris
Yeah,
I agree with the article. Marietta, GA is the area that all my investor-buyers want.
I started investing in WA state just south of Tacoma, and moved to California. I still only invest in WA and have not even bought a house here yet. Only been here for 6 months. I hope the figures are right because I would have guessed about the same.
Hmmm...
• Refinance the properties with the most equity and pay off others.
• Put HELOCs on the existing properties and buy the next ones cash.
• Cross-collateralize.
• Create a blanket loan for existing properties.
• Find a more liberal lender that have higher limits on how many properties you can own.
These are just a couple of quick ideas. Maybe other people will come up with some more.
We have refinanced the ones with the most equity and have enough cash to buy our next two places, but I know having too many mortgaged is on the horizon. What is the difference between a blanket loan and rolling all 8 together into a commercial loan. Are the terms more favorable than the arm or balloon of a commercial. Again, thanks in advance for any info.