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All Forum Posts by: Troy Bailey

Troy Bailey has started 4 posts and replied 88 times.

Buying & Selling Real Estate

Post: Real Estate Professional Status/Time Tracking

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37

@Sean O'Keefe I'm going to join the list asking for the spreadsheet as well. 

1 Vote
Classifieds

Post: Looking for investor friendly title/real estate company in Kinston NC

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37

Don’t have a lawyer but if it’s a multi-family I might be interested  

1 Vote
Out of State Investing

Post: Mid to LTR Clayton, NC

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37

I live in the area and own one rental there. If you need a realtor please let me know. It is a booming area with high rental demand. 

https://www.axios.com/local/raleigh/2024/06/24/ozempic-maker...

2 Votes
Southeast NC, North Carolina
Classifieds

Post: Looking for investor friendly agent who actually responds in the Kinston NC area

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37
Quote from @Janine Carroll:

Hi. I am looking for an agent in the Kinston NC area. I have tried two off of the "find an agent" tool and have heard nothing from them. I have a property identified but I need more information. Any suggestions? Thanks

Send me a message. I have a few that I use.
0 Votes
New Member Introductions

Post: Hello Everyone! Newbie here

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37
Quote from @Jerry R Harris:

Welcome! Im a local investor with a few properties in the Kinston area. Me and my partner started a local meetup and are looking to grow the network!

Several Investments in Kinston would love to join as well 

0 Votes
Coastal NC, North Carolina
Tax, SDIRAs & Cost Segregation

Post: Real Estate Professional Time Tracking

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37


@David Orr Thanks for the app suggestions. I have failed with the google docs method and my last time tracker was too complicated for that I needed.

1 Vote
Tax, SDIRAs & Cost Segregation

Post: Is cost segregation really worth it due to recapture?

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37

Great post thing one gets to the Printer for a pin up on the office wall!

0 Votes
Short-Term & Vacation Rental Discussions

Post: Favorite free Time Tracking apps (for material participation) and how to log texts?

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37
Quote from @John Underwood:

I don't track my time. I manage all my properties except one so it would be hard to say I don't have the required hours.

I also don't have a day job and RE is all I do.


 No fear of the Big bad IRS wolf coming knocking for a pair trail?

0 Votes
Managing Your Property

Post: Anyone Using Rhino as an alternative to tenant security deposit?

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37
Quote from @Tricia O'Brien:

@Ronda R.

So can you currently purchase Rhino if you have fewer than 5 units? 


 I believe so I only have one tenant using it currently 

0 Votes
General Landlording & Rental Properties

Post: Rent by the room strategy

Troy Bailey
Posted
  • clayton, NC
  • Posts 97
  • Votes 37
Quote from @Peter Tverdov:

Christine, if you're going to rent to students, it's best to put them all on one Lease and avoid renting by the room (we manage 400 students at Rutgers Univ for some background). Putting together random people are headaches for us and frankly we try to avoid doing it all together now.

Boarding houses, or renting properties like boarding houses becomes very management intensive. 


 Doing my first rent by room to college atheletes any recommendations on how to structure the lease agreement. Is evicting from a room the same as a regular home eviction?

0 Votes