All Forum Posts by: Dave Homyak

Evolve does a decent job and charges 10%.  They aren't perfect, but they allow you to pocket 15% more.  No way I'd go with a 25-40% company.  

First, still getting requests for my Excel sheet that calculates the taxes.  Send me a PM with your email if you want to explore doing it yourself.  

If I had one unit, I'd probably just farm it out.  I have 3, so the set-up was worth the $720 a year savings.  Under 30 minutes a month using the spreadsheet.

Also, you can electronically pay the Sevier County Lodging Tax now.  $1 if you ACH.  Way better than hoping the mail makes it, IMHO.

https://webfeepay.com/?content=home

Use the number that comes on the bill from Sevier County.

Wanted to bump this and see if anyone can answer.  I'm a real estate agent in Michigan currently, but there is no reciprocity.  Extra credit if anyone can point me toward an online course that doesn't lock you into the full amount of time if you pick up quickly on a certain section they are teaching.

@Jordan Berry, is there financing for a laundromat? Just wondering whether the 20-30% CoC is on paying cash for the business?

Update:

Offer was submitted over a month ago.  Listing agent (who happens to be managing) is impossible to reach.  Every few weeks they say they will present offer, but my guess is they aren't.  This property is in Detroit suburbs and the owners are Australian.  If the owners accept, it will be challenging to get anything done by these lame property managers.

My client recognizes it as a good deal and still wants me to try to get deal under contract.  

Client saw a property he likes. Duplex. Both tenants have leases lasting at least a year. Tenant in bottom unit has abandoned cars in driveway, trash outside and trash inside, based on looking through windows.  My client would like to purchase the property, but wanted to make the offer contingent on the bottom tenants having vacated the property.  Talked to the management company/ listing agent and they indicated that the trash was a violation of the lease, and they would entertain an offer with such a contingency.  The owner had actually considered doing this before listing, but current tenants pay on time and he wasn't sure he could find a replacement tenant that did the same.  Just wondered if there is anything my client and I should also include to protect his interests in the purchase agreement. Damage to plumbing and cabinets comes to mind.

Love it.  I thought I did well in the 90s to own a 3 bedroom with a payment of $770, and rent out the other 2 bedrooms for $250 each.  Much better to make a large sum of money.  Impressed.

In another thread, they said the max amount of unrelated people allowed to live together in Las Vegas is 5.

 Wears Valley, one in Gatlinburg, and one 10 minutes east of PF.

Just wanted to say hi to the other cabin owners.  I have 3 that I've acquired since May, and am happy I jumped in.  If it's worth doing, it's worth overdoing.