John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
If an investor can create a Texas Series LLC for $350 and place each investment property inside a separate series at a cost of $27 filing fee, why not take this step to ensure that the problem of one property can’t flow through to the other properties?
Allison Park
Property Management Software
29 November 2024 | 2 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
Eric Carlstrom
First-Time STR Buyer --- Feedback / Guidance Requested
26 November 2024 | 21 replies
So much so, that according to AirDNA data there are 4000+ properties on airbnb / vrbo in this destination, though the property that I am evaluating has been used as a primary residence and has no rental history.
Roger Mace
Should you refinance a DSCR?
27 November 2024 | 11 replies
Ensure that the savings from the new loan outweigh the costs of the prepayment penalty and any closing costs involved in the refinance.6.
Dominique Rhodes
Hello, Looking forward to connecting and learning
28 November 2024 | 10 replies
Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.
Timothy Holden
Has anyone used builder banc?
4 December 2024 | 37 replies
As a result, I am committed to ensuring that other investors and professionals do not experience similar issues in the future.
Jorge Liang
Tenant Fleas (Pest) Complaint
30 November 2024 | 11 replies
The tenant is now citing 1941.1 and implying that I need to pay for monthly spray.Under California Civil Code §1941.1, landlords are required to maintain rental properties in a habitable condition, which includes ensuring the premises are free of pests that compromise livability.
Ashwani Singh
Rental property management workbook
27 November 2024 | 3 replies
Look for one that includes a training video to ensure you understand how to best use it.
Patrick Shep
HELOC- solo vs with spouse on loan
29 November 2024 | 6 replies
This is to ensure that both parties are aware of the loan and to protect the lender's interest in the property.
Hassan Oukacha
How to find comps without MLS account
25 November 2024 | 7 replies
They don't have the actual sales data.