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12 November 2024 | 2 replies
Before I closed on the property, I'd expressed concern to the builder about the side yard which had, what I felt, was a significant angle.
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22 November 2024 | 92 replies
Expect to allocate less time towards management functions if self-performed or more favorable management fee structures if 3rd party management companies are utilized (which ties back to #1, as well).
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19 November 2024 | 21 replies
Hi Amanda, I self manage my properties in Akron, Canton, & Massillon.
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9 November 2024 | 17 replies
Quote from @Audris Tien: Hi @Deb, just wondering what self-directed IRA firm you are using to do this for private lending?
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15 November 2024 | 2 replies
Most if not all of my income appears on my Schedule E as rental income from a college rental portfolio that I self manage.
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16 November 2024 | 32 replies
If you see multiple posts a day, it's definitely worth speaking up about like @Nathan Gesner mentioned.At the end of the day, these "trolls, the cut and pasters, and AI posters" don't win in the long term....All sites or groups that grow experience the same issues with moderation (see Facebook groups), but VAs can't moderate because they are doing a letter of the law thing and not reading these garbage posts for what they are - spam, AI, number puffing, and cut and pasting, self-promo.
13 November 2024 | 8 replies
Specifically, here in Chicago, the Residential Landlord Tenant Ordinance (RLTO) explains that owners are not required to relocate tenants for cosmetic issues, unless the work significantly impacts habitability, as expressed above.
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20 November 2024 | 37 replies
Not enough current income to move the needle, but all the knowledge required to learn and, if you're self-managing, the always-present "the tenant could move/break/have problem any minute of the day" possibility.
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18 November 2024 | 14 replies
We’re one of the few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must = 3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.
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18 November 2024 | 12 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.