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Looking for advice, thinking what I did wrong as first time landlord, very long (RU)

I guess its more of a very long rant. TL:DR Tried to be as nice as possible, instead got a lot of headache, down on money and now thinking what to change next time. Changed payment dates to accomodate, bought furniture that they asked for, installed AC that also needed new power socket and line from breaker with my own money, fixed broken stuff next day without asking how it broke and paid for urgent repairs, ignored subrenting room to an undisclosed family member, allowed to pay half of rent in january with promise to pay the rest till the end of the year when the contract is up for renewall (without late fees), and in summary there were 4 instances of late or partial payment where I didnt ask for any late fees. In the end they notified me that they just had a new baby, asked to lower the price that is already 15% below market, said they will probably renew even if I dont lower (I havent increased in 3 years at all), and surprised me with less than two weeks notice that they are not r...
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I calculated how short we are on housing in the US as of 2024

this is revised from my earlier post as yes I forgot to factor in everyone doesn't live alone, but 29% of people in 2024 do, 267,454,918 people in the US are age 18 and above. (267,454,918 x 29% = 77,561,926. take that number and subtract it by 267,454,918 to get 189,892,992 then divide by 2 and add the 77,561,926 back for a final total of 172,508,422) As of 2024 we had a minimum of 140,000,000 houses which means we are short 32,508,422 houses as of 2024. submitted by /u/NerdlinGeeksly [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vrhftp/i_calculated_how_short_we_are_on_housing_in_the/
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Escalation clause used and seller did not provide competing offer? HELP!

I found a home and brought it to a realtor - house had been sitting on the market with multiple, major price reductions. I offered $775k on a house that was sitting at $799k. The day I made the offer, the seller's agent said that they 'just' got an offer because of an open house that was held and that I need to come back with my final best offer. My agent said that I should use an escalation clause - I had already waived inspection but she said i could waive mortgage contingency. I said NO as I am a first-time buyer. I escalated up to $818k - we were told the other offer was cash, but they seller's agent did not say what the other offer was and my agent did not ask what the other offer was. The seller then said he wanted $813k for the house and for me to pay, $5k to my agent, so coincidentally $818k :), the top end of my escalation clause. My agent said that he was negotiating dirty and never bothered to give me feedback on what to do - I gave her play by play and got i...
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i build 3D property tours for a living. please don't use them as your ONLY due diligence for sight-unseen deals.

my actual day job is building 3D walkthroughs for real estate (specifically using gaussian splatting, which basically means mapping out a true 1:1 photographic capture of a space, not a fake 3D render). when agents use this to be completely transparent with out-of-state investors, it’s a superpower. it completely kills the "wide-angle lens" illusion. it shows you exactly how cramped a hallway actually is, which way the doors swing, and if the paint is scuffed. but recently, i’ve watched so many out-of-state buyers treat virtual tours like they are a replacement for a home inspection. guys, a 3D tour is amazing for spatial awareness, but here is the hard truth about what the tech mechanically cannot prove: the smell: a 3D scan cannot capture the black mold in the vents, the dampness in the basement, or the restaurant exhaust downstairs. the noise: you cannot see the HVAC humming like a jet engine, or the elevator shaft grinding right behind the master bedroom wall at 2...
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Is this misrepresentation

I and my husband just purchased our first home on the MLS listing of our home. It stated that we were purchasing the home on 1 acre of land in South Carolina we had requested a survey before close and the executive team of my realtor dropped the ball, so here we are a month later and they are finally contracting the surveyor. The survey company came back saying that the parcel of land is only .49 acres and we are short .51 acres based off GLS. We still would’ve definitely bought our house but we definitely would’ve put in a lower offer for the lesser land. The seller also had disclosed that they hvac system had all new components and as soon as the first heat wave came, the system went out. Luckily our home warranty is working with us, but it came to light when the technicians came that that was completely false. None of the components were new. Is there any grounds for misrepresentation of the property? What can we do? submitted by /u/Visual_Fix_2 [link] [comme...
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Anyone have experience with BidOnHomes?

A couple of listings I've seen have them as the party to submit offers to. Both of the properties needed some work, so was wondering the likelihood of them accepting a much lower offer. From what I've read, they are a transaction agent for distressed or possible foreclosure properties. submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq9im9/anyone_have_experience_with_bidonhomes/
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i need help/guidance!

i'm not sure if this is the correct place to ask but i was wondering, for a beginner where would you recommend them to start in real estate ? i'm 21m and currently pretty unhappy with my life but my sister who now works in real estate and is a bit older than me completely turned her life around with working in this field and id like to do the same but im also finding myself pretty overwhelmed. she herself suggested home inspection but im not too sure about that, i also know that i can make money in pretty much all the fields so im not worried about that either, im also finding that it's pretty expensive to get a home inspection license as well... im just very nervous about the whole thing and would like some help guiding it submitted by /u/LeviGX [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq6x9j/i_need_helpguidance/
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Leaking basement

I’m getting ready to put a house on the market in a sellers market. The house is pristine. The finished basement has occasional water in two exterior corners. Not much and it’s easily managed with a dehumidifier. We have lived with this for years. There is also an occasional leak in the underground garage. The house itself is above average, original hardwoods, fresh paint, updated bathrooms, nice location. Houses here go above asking and quickly. What percentage would you discount for the basement issues? It only happens when there is a massive “flood warning” rain. Probably needs a new French drain along that side of the house. submitted by /u/StatementOk5086 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vq4cyw/leaking_basement/
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cookie cutter neighborhood for kids?

We currently live in a 130-year-old Victorian home on a private lot. We loved fixing it up before kids, but with young children, we’ve realized how much upkeep it requires. No garage, expensive heating oil, a damp basement, limited storage, no central AC, and not much functional space. We’ve lost out on 4 homes so far, all older character homes in established neighborhoods. I love the charm, but we’re now considering a newer, more “cookie-cutter” home that checks nearly all our practical boxes: 4 bedrooms, 2-car garage, second-floor laundry, and a great family-friendly neighborhood with lots of kids. I never thought I’d seriously consider this type of home, but I’m wondering if we’d actually be happier in this season of life with something more functional and lower-maintenance. Anyone else considering the same? Maybe you already live in one of these plans? Pros/cons? submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comm...
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Genuine question that will seem controversial. Play nice ya’ll

I’ve been a real estate agent for 7 years now in New Jersey. One very odd thing I’ve noticed is when there is a buyer who is Indian (this is where the controversy starts) the selling process is always like 5 times more difficult than working with other folks. The communication, negotiations, and strategy always feel hyper-aggressive and unprofessional in some ways. I’ve dealt with this situation about a dozen times already. Can someone help me understand any cultural norms I should be aware of? Ultimately, I just want to be well informed and aware to better serve my clients. Play nice yall! I’m trying to learn. submitted by /u/dedermcdoodle1 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1vpj8d2/genuine_question_that_will_seem_controversial/
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