Lee Israelsen
Renting basement Tax write offs
24 June 2024 | 2 replies
You will need to allocate the expenses between the personal and rental portions of the house.
Norbert Huston
Reporting to credit agencies
22 June 2024 | 1 reply
The company I've used in the past in no longer providing the service of reporting delinquent rent charges & damages to the three major credit bureau's.
Joe S.
Lease option question for Texas
25 June 2024 | 1 reply
For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.
Balaji Varadharajan
Tenant security deposit
21 June 2024 | 11 replies
Below are a couple of disputed charges. 1.
Marty Rogachefsky
Prepping a House for Section 8
25 June 2024 | 18 replies
Based off a quick rental search I can see that the property needs some more work to get rent ready.
Victor Del Hierro
New to Orlando: Is Now a Good Time to Buy a Rental Property?
22 June 2024 | 28 replies
The inventory has dropped prices a bit, and the rental market is thriving.
Billy Daniel
Multifamily Syndication Mentorship Program
26 June 2024 | 22 replies
Long story short, I went from 7 residential rentals to acquiring 4 commercial assets for my fund within the past 14 months since joining his group.Conclusion/Advice1) It really depends on the goals you have and identifying what you feel like is holding you back from your dream outcome.
Diana Tran
Thoughts on investing in Tampa?
24 June 2024 | 4 replies
I understand that we all would like to be able to buy cash flowing rental properties at a low interest rate with zero deferred maintenance and sit back and collect checks.
Kyle King
Using HELOC to move into next property
25 June 2024 | 3 replies
My wife and I are considering getting into real estate, possibly short-term rentals.
Christopher Davis
Tenant security deposit deductions: soft things like time and labor?
22 June 2024 | 7 replies
You should be able to charge back what is fair and reasonable, however, you may be asked to justify your charge-backs.