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21 November 2024 | 6 replies
The user in question was subsequently banned from the forums for a second time, they reached out to me directly to dispute the ban but as of now the ban is still in effect for breaking the rules of the forums.
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17 November 2024 | 2 replies
Also there are rules with past due notices etc. as well as it relates to this.If you were to damage someone's credit and then find out you were not compliant, you could open yourself to a lengthy and very costly legal battle.
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24 November 2024 | 10 replies
This would mean your class of tenant causes more damage than expected, or hail destroys your roof *every 5 years* or something similar.
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19 November 2024 | 23 replies
Maintenance and Repairs: Property managers have established relationships with contractors and vendors, ensuring timely and cost-effective maintenance and repairs.
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1 December 2024 | 91 replies
I have talked to OOS investors that lost big doing single family turnkey rentals in recent years because the "great tenant" that came with the house moved out mid lease and did $30k of damage on exit.What I believe you are really going after is: don't be dumb money.
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18 November 2024 | 8 replies
It's important to understand the difference, and I'd recommend sticking with the REIT with depreciation advantages.The Tax Cut and Jobs Act (TCJA) includes a 199A deduction and applies to certain income from pass-through entities (including REIT dividends) and allows individuals to take the 20% deduction against REIT dividend distributions that yields an effective tax rate of 29.6% or 37% (80% for upper bracket filers).
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18 November 2024 | 14 replies
Does anyone know of a effective list of contacts for REO and Asset Management companies?
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20 November 2024 | 22 replies
You do your best to purchase wisely, execute a pre-meditated and well researched strategy, and let the compounding effect of time take over. 10 years from now, the purchase price being 5% above or below current market value won't matter.
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16 November 2024 | 2 replies
the kitchen,fridge and bathrooms are disgusting and it is damaging the properties.
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19 November 2024 | 6 replies
The key is marketing on a wide distribution of channels to get a billboard effect and attract those mid term renters.