All Forum Posts by: Audrey X.

@Jason Rosser

Hey Jason! Did you ever purchase in PCB for STR? I'm looking myself and running into similar issues. On the fence if we should commit.

@Jossalyn Wallace

Hi Jossalyn! I'm looking at a SFH in PCB and would like to connect! I'm based in Metro Atlanta. Would love to network with local investors down there and get some advice on STR insurance and management etc.

@Anh Le

My insurance agent has our landlord policy under our personal names and lists the LLC as additional insured. So the opposite of what you're describing. Now you have me wondering if she did it right..we own our property free and clear though.

@Tina Lee

I have never heard of the state requiring a landlord to renew a tenants lease. Unless you signed a term lease with him, the lease expires when it's contractually stated to expire. If the term is up, he's on a month to month so you can give him 60 day notice to vacate. No reason needed. You stop collecting rent. If he doesn't move out by the 60th day, you evict. The key is you don't take any future payments.

@Kamuela Haasenritter

Hi! I volunteer my dad as a general contractor or handyman for any maintenance or renovations you need. He's a jack of all trades and can do electrical, plumbing, and general carpentry. He lives 10 mins from KSU, off of Bells Ferry Road and Barrett Pkwy. He's currently my go-to person for all of my investment property needs. He is semi-retired so he definitely beats a lot of competition pricing out there with oberheads. Would love to connect you and get you a quote when you're ready.

@Jeremy Petrous

Financing for LLCs are more expensive than under your personal name. Most mortgages have a clause that prohibit you from transferring the property from your own name to an LLC. If this is your first investment property, getting a good insurance coverage is probably adequate.

@Chris Kimsey

Doesn't HELOCs have a shorter repayment period like 20 year max? I know the rates are low right now but maybe a cash out refi is a better option.

@Chris Clemptor

I use Zillow and use the filter to search for properties for rent in my zip code that are comparable.

@Bruce Woodruff

There is no need for dick comments. Perhaps Jeremy doesn't buy ******** properties like you do/did.

As for the blinds, I agree that it's minor. Hopefully you've collected a decent security deposit and if it's not fixed, you can always deduct at the end. You can also use the change filter opportunity and inspect the house. If there are no holes in the wall or damaged flooring, I wouldn't worry about the blinds. $9.99 fix at home Depot.

@Martingale Kim

Have you called the 1800 number first thing in the morning? I got one of those letters too for my 2019 partnership return, I mailed timely but due to covid the paper return wasn't processed timely and the computer assumed it was filed late. I called the number early in the morning and got through to someone within 10 mins. I explained what happened and I had a copy of my mailing receipt. I always pay for certified mail with tracking, best $5 I will ever spend. The IRS rep asked that I fax the mailing receipt. She stayed on the phone with me and confirmed receipt and immediately waived it. If you don't have proof of mailing, you should still call and explain the situation. This is happening to a lot of people, they are aware and may just waive it as a first time late filing courtesy, especially if you have always filed on time. They can see that when they pull your tax EIN. Definitely call before you pay. In the future, always do certified mail or e-file through an accountant. Good luck.