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30 November 2024 | 16 replies
A good turnkey provider should handle leasing, renewals, evictions, repairs, maintenance, and rehabs for you.
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27 November 2024 | 11 replies
Add maintenance/cap ex, vacancy, PM, misc and this is likely negative more than $500/month even if self managed (much more than the negative $200 that you indicate you are ok with) 2) if you are behind on mortgage, how are you going to handle being negative $200/month, or more like negative $500/month?
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27 November 2024 | 8 replies
If I would have known about these earlier I would have bought less personal real estate, but again it depends on your goals of leverage, building wealth, risk, and your overall perception on how to handle your money.
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26 November 2024 | 12 replies
You building and handling the rental, hanging signs, etc is an orange.
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27 November 2024 | 5 replies
You certainly have a good skillset and occupation match to handle it, but let me say something that others might not say.
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26 November 2024 | 3 replies
This log should include:•The date of activity•The property worked on•Specific activities performedExamples of activities that typically count include approving tenants, setting lease terms, handling repairs, and other hands-on operational tasks directly related to managing the property.
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26 November 2024 | 4 replies
I hired a lawyer to handle it, and she was given proper notice.
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26 November 2024 | 7 replies
Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.
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26 November 2024 | 15 replies
Yes, when bad things happen its a great time to be look at how you planned and prepped to be able to handle those things and feel GOOD that you were able to manage things such that they are turning out BETTER than you planned for on average.
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1 December 2024 | 21 replies
Last-minute trips are rare but can be avoided with a trusted local contact handling issues promptly.