[42nate1]

I struggle with this too. I have a long-term tenant, who is paying below market rates. I am hesitant to increase the rent. The family pays on time, and rarely makes requests. It is profitable and on autopilot. Everything I want.

Raising the rent creates additional cash-flow to apply to the principle on the mortgage, so in my self-interest to do so.

The tenant has been there 4 years, and we have not adjusted the rent. 1 month of lost rent may take 2 years to break-even. You also have the risk of choosing unwisely with the new tenant – who could leave in a year after the lease is up.

[42nate1]

Guess it depends upon where you live. I live in San Diego. There are bidding wars for the few properties that hit the market.

I think in most cases, the seller would happily take your deposit, re-list, and go into escrow with a higher offer, and your lost deposit as a bonus. I would.

You, on the other hand, would no longer have a property, would spend months competing for the opportunity to purchase another house, would pay more, and – oh yeah, your good faith deposit would be gone.

Just bought a rental a few months ago. It took time to buy this one. We lost out so many times to all-cash buyers.

[42nate1]

Currently in Escrow in San Diego

House was on the market for 2 days. The open house was busy when we were there.
We had to offer substantially above list price, and higher than anything sold recently to get the property.

We’ve lost two others in recent months for the same reasons. With the inventory reality in SD, no way do prices only appreciate 6% in 2018.

[42nate1]

Since we are speculating, i’m going to go out on a limb and say that the Republican nominee will be Trump and his running mate will be Cruz. In politics, this is going to be a very exciting year. Obviously Hillary will get the nomination on the left.

How it plays out with voter turn out, i’ve no clue, but it won’t be boring. The debates with Trump/Hillary will be entertaining to watch & I predict the networks hosting will get ratings bumps as people tune in to watch the action.

No prediction on November 4th. Hillary is old, boring and disliked. Trump knows how to work the media, makes outrageous statements at times & has alienated a bunch of voting blocks.

The statistics November 5th will be interesting to read.

[42nate1]

No_such_reality,

this seems to be exactly what i’m looking for. I think it will work. Thanks!

[42nate1]

Monthly assessment is $350 (water & sewer absorb most of this), and most of the owners would (there are 8 houses in total) would prefer to have an auto debit set up so they do not have to remember to write monthly checks.

With the size, their records are excel based. It’s very simple, so no software involved. I’m an Accountant and got pulled into it and have been doing it for years.

There are 1-2 owners that are problems, and having the money come out of their account would make life simpler from a cash flow standpoint for the HOA.

Seems like this would be a simple issue to resolve, but BofA requires $100k in cash to set up the auto debit, and the companies I’ve found that provide this service say that we either don’t have enough homes to make it worth their time, or they want to provide financial services as a bundle, which the HOA does not need nor can really afford with such a small number of homes.

[42nate1]

HOA’s at this place are $350 per month, and with the monthly collection issues, getting prepaid upfront for the year isn’t realistic.

[42nate1]

Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.

[42nate1]

Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.

[42nate1]

Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.

[42nate1]

Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.

[42nate1]

Agree with paranoid. Qualcomm should deliver as planned. They increased quidance mid quarter as they always do. With the Nokia licensing dispute, there is very little upside from here. Qualcomm is conservative with their forward earnings estimates, and they nearly always drop in price after earnings results are released, at least for a few days afterwards. I think you have 1 dollar up and 2 dollars down risk for the upcoming week. More downside risk if the market pulls back from this weeks rally.

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