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17 January 2025 | 3 replies
If your property management company is good and has built an internal maintenance team which has set rates and had strong relationship relationships with licensed contractor which should keep costs in control, you should never need to shop contractors on your own I wouldn't think.So in short, our policy is give us your preferred contractors upfront if you have them, but then we work all tickets to resolution including dispatch, and payment of invoices.This is of course for operational expenses.
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27 January 2025 | 9 replies
If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.
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13 January 2025 | 1 reply
Some types of Creative Financing include: Seller/Owner Financing, Land Contract, Wrap, Assumption, Subto, Lease Option, Contract for Deed.
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21 January 2025 | 10 replies
In that they will detail the scales they use, including at which level of renovation it's possible to get things "reset" so it is appraised as if it is a new built property.
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10 January 2025 | 5 replies
Quote from @Pablo Avila: There are plenty including myself!
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19 January 2025 | 11 replies
That might include things like adding units, converting commercial space to residential, or finding ways to boost income (like adding parking).The key is recognizing opportunities while walking the property, and that takes experience.
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9 January 2025 | 5 replies
It does not include the rent income, just the appreciation, it is about 11%.
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23 January 2025 | 165 replies
Hey, how about that genius move to turn OFF the power, including to the water pumps.
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4 January 2025 | 0 replies
We put the property completely back together, making everything brand new overall.
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13 January 2025 | 11 replies
Include before-and-after photos, receipts, and a list of all the work done.Curb Appeal: First impressions matter.