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All Forum Posts by: Ronald L. Covington II

Ronald L. Covington II has started 3 posts and replied 5 times.

Post: Property manager for medium term rentals

Ronald L. Covington II
Pro Member
Posted
  • Shelbyville, Louisville area
  • Posts 5
  • Votes 1

Hello @Boffill Yosleys! How is your experience with the mid-term rental? I'm looking to use that model for my rental.  Any advice, best practices, pros/cons you'd be willing to share? I'd love to hear your input. Hope to hear from you soon!

Post: SFR usage ideas

Ronald L. Covington II
Pro Member
Posted
  • Shelbyville, Louisville area
  • Posts 5
  • Votes 1

Hello and thank you for your response @Nate Herndon!! The mid-term furnished rental model  has been a consideration. Haven't done any research in terms of how that model would will work in my area.  Will certainly do so as it sounds like mid-term has the potential to produce better returns. Thanks again for your response Nate!

Post: SFR usage ideas

Ronald L. Covington II
Pro Member
Posted
  • Shelbyville, Louisville area
  • Posts 5
  • Votes 1

I will soon have a three bed two bath SFR with a partially finished basement available to rent. Have been using the property as a traditional rental. I've been tossing around the idea of trying something new with the the property. What that new is is the question. Have never done anything other that the traditional rental format. What are the other options for the property that can generate the most income? Would love to hear from the BP nation with ideas!! Thank you and talk to you soon!!

Post: Tax and structuring help

Ronald L. Covington II
Pro Member
Posted
  • Shelbyville, Louisville area
  • Posts 5
  • Votes 1

Hello all!  

I'm in the Louisville, Kentucky area.  Looking for tax and structuring help. If anyone has any references in the area, please send them my way.  Also, wondering if anyone has used any of the tax professional services here on Biggerpockets?  If so, please let me know who they are and how the process went.  Did you like their services, pricing, and results.

Post: Using tenants renters insurance for repairs by landlord?

Ronald L. Covington II
Pro Member
Posted
  • Shelbyville, Louisville area
  • Posts 5
  • Votes 1

As a first time landlord, I was wondering if it was possible to use the tenants renters insurance to repair/replace appliances that have been damaged by the tenants? Or any other damages around the house for that matter...

Would love to hear back from those who are willing to share their knowledge! 

Thank you,

Ronald L. Covington II