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Showing posts with the label Rental Income vs. Expenses - Best Management Team

"Open Concept" vs. The dreadful decline of hosting at home

In the US, the number of people who regularly host friends or family fell from 42% in 1975 to 12% in 2026 – a 70% drop over the last 50 years . Pretty good article. It's so interesting because I feel like when people are looking at houses to buy they're envisioning a home to have parties, holidays, etc. Open concept became so popular for parties. What are your thoughts on the decline of house gatherings? https://www.theguardian.com/lifeandstyle/2026/oct/08/dreadful-decline-hosting-home-shame-friendship submitted by /u/Even_Topic2494 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x0w2q6/open_concept_vs_the_dreadful_decline_of_hosting/

Is it possible to buy a small house even a condominium making $19 an hour with 620 credit score?

Not going to lie rent is starting to get expensive I'm paying $1,420 in a very old building. I make $19 an hour 600 a week I got about 11 to 12,000 saved up. My credit score somewhere around 610 to 620 submitted by /u/No_Solution7718 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x0sqqy/is_it_possible_to_buy_a_small_house_even_a/

Bankruptcy court has authorized the seller to sell from me. Waiting on the title company to provide an all clear. How long should I expect?

Not a first time homebuyer but wondering how long title should take in my case? So I am buying a house where the seller was going through bankruptcy. The judge finally signed off on the sale and waived the 14 day waiting period a week ago. About an hour after that his attorneys sent everything to my title company. I’ve been waiting now for a week and my realtor, the bank that I’m using for funding and myself haven’t heard a peep. I’ve bought multiple houses before and it typically only took a day or two for a clear title. Does it typically take longer when buying a house where the seller was in bankruptcy and if so how long? submitted by /u/8WmuzzlebrakeIndoors [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1x01jt9/bankruptcy_court_has_authorized_the_seller_to/

Just closed a big deal after 3 brutal years of grinding. Why do I feel completely lost and passionless instead of happy?

Hey everyone, I’ve been a real estate agent for three years now, and honestly, they have been the harshest, most painful years of my life. I worked my absolute tail off last year—exhausting myself studying sales, marketing, and advertising, trying to implement everything perfectly. After endless dry spells of getting absolutely nothing, everything finally paid off: I closed a house and walked away with my full commission. It felt amazing for a brief second. But now, the reality is hitting me. I feel like I am finally starting to "get there" and prove that my hard work pays off, but at the exact same time, I feel completely lost, empty, and like I’ve completely lost my passion for the business. Is this normal after breaking a massive dry spell? Am I just deeply burnt out from the 3-year grind, or is this a sign that I don't actually want to do this anymore? How did you navigate the emotional crash after finally winning? submitted by /u/Bret_Abderahmen [...

Prime Lending?

I’m looking into buying in a new development in Washington state. One of the builder’s preferred lenders is Prime Lending. I spoke with a loan officer from Prime Lending and everything seems really good. I’d never heard of them before and want to make sure I am making the right choice. Anyone have first hand experience with Prime Lending and care to share your thoughts? I’ve searched the sub and most of the posts related to them are several years old. Thanks! submitted by /u/catsandplantsandcats [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wzvir8/prime_lending/

Showings vs offers in current market?

We are on the market as sellers for the first time outside of Covid craze and I'm trying to get a better idea of where we stand with our house. We are in a MCOL area, we listed this past sunday for $300k (been on the market about 2.5 days right now). We've had 4 showings already, and a 5th scheduled tomorrow. We also recieved an offer from the 2nd showing, though it isn't exactly what we wanted. They originally said no wiggle room, we declined, they offered again and found $7k of wiggle room. We are now only off of what we want by about $5k and are making a counteroffer to try and get that to around $2k. From the other 3 showings, 1 provided no feedback, the other two said it showed well and is priced right but not interested for various reasons (walkout is in the basement instead of main floor, room size is slightly smaller than wanted, etc.). My biggest question is given all that information how do we stand in the current market conditions? I was nervous heading in wi...

Agent gossiping about a buyer to a different buyer

I referred a friend to a buyers agent i know in a different state where I’m not licensed. He looked at a few houses and was really interested in one that the agent had listed. He saw it a few times and ended up not making a move. Just randomly today friend and I were chatting and i asked if the place had sold/what happened. He tells me what it sold for and then launches into this whole story about the woman who bought it including graphic details of the abusive relationship she was leaving, where she was from and when she was moving/why etc etc. I was taken aback and said “oh did she just have a lot of stuff on social media or something?” And he said no— that the realtor I referred him to told him ALL about this buyer. He was happy that the house went to someone nice who was starting over etc etc. I was shocked at how unprofessional sharing this is. It’s also frankly unsafe as the woman is living alone in a city with a high crime rate in a one story home. My friend is not a threat b...

What do i need to know about those "cash for home" offers, wanting you'll buy my home as is?

It's listed with an agent, going on 3 months now, and it's costing us bc it's vacant. It was a rental property. We want to get rid of the property as we don't live close to it, we're a few hundred miles away. Is it a bad idea to go with those places offering to buy homes? Can I cancel my agreement with my realtor if I decide to? Is the realtor going to ask for a fee? submitted by /u/GigiBrit [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wz2lpb/what_do_i_need_to_know_about_those_cash_for_home/

What's Up With This Agent?

I listed my house for sale in June. Listing contract ran from 060126 through 093026. Personally, I thought my realtor was terrible. The amount she said to list the home at was too high $345k, when new construction homes are going for $340k. My house is only 10 years old, well maintained and looks new. Neutral interior. Prior to sell I replaced roof with class IV architectural shingles, replaced the AC unit and had exterior of house repainted. She did not list any of these items in the listing. My home insurance dropped 50% because of the new roof. We had minimal showings. She used AI enhanced photos (fake fire in the fireplace, exterior shot at night). The photos looked grainy and were not flaterring. In August she called and we discussed status. I told her I know the market is not great. We will leave price (as is) and let listing expire. I will either relist in the spring OR rent the house out. A few weeks later she sends me a docusign document to terminate the listing in august??...

Would you turn this into a bedroom ?

I have a relatively large half-duplex with about 1,450 square feet of living space. The main issue is that it only has two bedrooms on the second floor, which leaves me with a very large [living room]( https://imgur.com/a/Kwmr47d ) and kitchen. There is also an [additional room/den]( https://imgur.com/a/gzJpr2R ) directly off the living room that has its own exit to the back patio. I’m considering enclosing that area and turning it into a legal third bedroom. It meets all of the requirements for a bedroom; I’m just not sure whether it makes sense given that the room also provides access to the back patio. The alternative would be to keep it as a two-bedroom and advertise the additional room as an office/study or bonus room. My thought is that a true three-bedroom would obviously command higher rent and potentially appeal to a larger pool of tenants. What do you think makes more sense? I’m open to other ideas as well. submitted by /u/no-look-passing [link] [com...

Offer accepted on terms of still being able to market the property

Well, as it says- we had an offer accepted & the agent wants to still list the home as active & show it. We already had this happen once & they had a better offer in before we could even sign the counter offer. Looking for some insight or others who have possibly been in a similar situation with a home sale contingency. Did it work out? Did it not? I feel like it’s hard to be excited about it knowing that someone could take the property on a better offer all the way til close date. We’re aware that it has to be disclosed to perspective buyers but it’s a pretty sought out market. The home buying process is a big game that I don’t want to play. I just want a nice house for my family 😭 submitted by /u/CheddarMoose [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wyliq6/offer_accepted_on_terms_of_still_being_able_to/

Any good ways to dip my toes in to investing/working in real estate as a side hustle?

Im a 27yo sales guy who wants to learn the ropes and get started in this industry. Not sure what's feasible, have been looking at possibly pursuing realty as a side hustle but any other good ways to dive in? submitted by /u/jscummy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wyiz6o/any_good_ways_to_dip_my_toes_in_to/

Sellers jacked the price by $350k since they bought 3 years ago, market has been stagnant in my area (Northern California), planning a lowball.

There's a house I wanted to buy 3 years ago in my area. My in-laws had previously pledged to help my husband and I purchase a home in lieu of giving us a wedding gift, but they reneged and the house went to someone else for $1.15 million. (I'm still pissed about this by the way, those lying snakes) Now it's 3 years later, the new owners have added a pool and a kitchen to the playroom upstairs (weird but whatever). It's still a beautiful home and I would like to purchase it, but they've jacked the price to $1.5 million, which is far and away above market rate in our area, which has been stagnant. I'm planning to lowball $1.2 million and work my way up to $1.3 slowly. My question for the subreddit, as there are probably people on here more experienced than me: how will this go over? Are they going to reject me out of hand? What might happen in this scenario? submitted by /u/Sea_Cloud_6705 [link] [comments] source https://www.reddit.com/r...

Is this considered a low ball offer?

House was purchased in 2022 for $415k per Zillow. Was originally listed in December of 2025 for $500k. It has continuously decreased in price since then with it being listed for rent in June of this year for $3500 (I'm assuming the mortgage payment?). Later, taken off the market for a few weeks and then reposted for sale. It currently sits at $444k with the seller being "motivated" with $15k in concessions. The house was built in 2022 with a well known builder that's considered to be good in this area in Georgia. My offer: $420k with $10k in seller concessions. Is this reasonable? I love the house, and I've actually been interested in a brand new build that the builder has listed for $436k with $25k in concessions using their lender, but I'm not as big a fan of the lot. The lot on the 2022 version is much bigger, already fenced in, and the kitchen definitely has more upgrades. submitted by /u/TotallyNotMichele [link] [comments] source ...

Rental I’m trying to sell

Trying to sell a home that has not gotten any offers for 39 days since it’s been on the market. I have had 7 showings and already lowered the price of the home by 10k. I’ve dropped the price a few times. If you need more information please ask away. My question is should I just try renting again or should I leave it on the market? I have a heloc I’m paying for at 6.75% fixed. So about 520 a month tenant paid for all utilities. It use to rent for about $1250. What should I do leave it and keep it on the market or rent it out again? submitted by /u/greenee111 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wxkv34/rental_im_trying_to_sell/

Struggling with mental health and selling our house.

Currently in the process of decluttering and packing away all personal items to get ready for professional photos and video and eventually open house and showings. I’ve already packed away a lot of extra beauty and cosmetic things (hand soaps, makeup, perfume). What remains is our everyday stuff- toothbrushes, skincare, contact lens stuff, all shower things- body soap, body wash, shampoo, conditioner. I struggle with contamination OCD and I worry if it’s safe to leave our things “out”? They will be stored in the bathroom closet or inside the cabinets of bathroom vanity. Should I pack it all up to take with in our car during open house and showings or is it safe to leave in the house with strangers? I have all of our over the counter medication and supplements in a box ready to go already. submitted by /u/GlitterBombBomb [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wxfvn5/struggling_with_mental_health_and_selling_our/

New buyer, evicting tenants from duplex

First time homebuyer in Portland, OR. Buying a duplex, currently occupied on both sides. Renters have been aware of potential sale of the hpuse for over a year. Seller is refusing to deliver rental termination notice to the renters. I am aware that I need to provide a 90-day rental termination notice next week, when the house becomes mine. My question is... how do I do this? Is there formal paperwork I need to have verified somehow? Do I mail it? Tape to the door? Additionally, how do I notify them that I am the new landlord for the next 3 months? Text? Mail? I am new to all of this, a bit overwhelmed, and looking for kindness and guidance. Thank you! submitted by /u/kissesforpiggy [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1wwza3m/new_buyer_evicting_tenants_from_duplex/

Seller’s agent repeatedly crossed boundaries and then questioned my mental state??? Would you escalate or let it go?

TL;DR: The seller’s agent repeatedly bypassed our agent and behaved unprofessionally throughout the transaction. After closing, I sent a calm email asking that the sign be removed and future communication go through our agent; she responded by calling me angry and hostile and questioning my mental state. We were prompt, cooperative, and polite throughout. Would you escalate the thread to her supervising broker and leave a factual review, or document it and move on unless she contacts us again? We recently closed on a home after a difficult and unusually contentious transaction. We had our own buyer’s agent, and the agent involved here represented the sellers, not us. The seller’s agent was also a personal friend of the sellers, which may be relevant context given how informal and personal some of the interactions became. Throughout the process, the seller’s agent repeatedly contacted me directly instead of communicating through our agent, even though our agent was readily available....

Am I behind if I don’t find my forever home until around 40?

I bought my first home in 2020 when rates were amazing, and I was lucky enough to lock in a very low rate. We always thought it would be our starter home and that we’d move after 5 to 7 years. I actually could see myself staying longer because I liked the house and location, but unfortunately our neighbors have made that really difficult. The neighbor who originally lived next door was great, but she eventually rented to tenants who have been extremely difficult and disrespectful. We’ve had a lot of back and forth with them over the years and have genuinely tried to communicate and find compromises, but it hasn’t really gone anywhere. Unfortunately, the tenants and their landlord have both been pretty disrespectful throughout the process. I’ve literally never complained about a neighbor before, and this has been a nightmare. I’m 35 now and realistically may not be able to move for another 3 to 6 years because of how expensive housing has become. That means I might not get into a home ...