
27 December 2024 | 18 replies
@Dmitriy Fomichenko because if the holdings in the retirement account are held longer than 1 year they are taxed at the long-term capital gains tax rate and not your ordinary income rate.

13 December 2024 | 5 replies
We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

25 December 2024 | 60 replies
Don't forget about your property taxes going up to account for that ADU.

31 December 2024 | 49 replies
Quote from @Victor Tofilski: @Joe VilleneuveThe other unit was a unique circumstance the tenant only needed a place for 6 months before he moves again so I gave him a different price to account for future vacancy.

21 December 2024 | 12 replies
I use a Netflix and a HULU account specifically for the STRs.

27 December 2024 | 4 replies
The numbers are tough and it's hard to account for all unforseen expenses.
21 December 2024 | 18 replies
Once that reserve fund is established, move all future cash flow to an investment account.

3 January 2025 | 40 replies
Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.

26 December 2024 | 27 replies
I created an account and listing on Furnished Finder but not getting many leads.

5 January 2025 | 39 replies
Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.