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10 May 2024 | 15 replies
Hi Daniel,Here's what I would do- Avoid courses.Talk to successful STR owners in your area and ask a lot of questions.Watch the main STR shows on YouTube including Bigger Pockets, Jesse Vasquez and those that show the caliber of the homes, ie Levi Kelly.
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5 May 2024 | 6 replies
New York has outstanding judgment collection laws that allow for levies on accounts and payDaniels, Norelli, Scully & Cecere are excellent
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29 April 2024 | 168 replies
This is because someone has paid off the lien the Sheriff was levying.
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30 April 2024 | 18 replies
A big levy coming down?
24 April 2024 | 18 replies
For planning, i've found the following to be decent planning factors: 10% property management fees, 10% potential repair and maintenance expenses, plus any excise taxes your area imposes and condo/association fees.
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21 April 2024 | 25 replies
Then Mar, Apr im making more attempts to figure this out with no reply from excise and license.
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18 April 2024 | 1 reply
The key highlights of this slate of bills includesAdditional Excise Tax on STRCreation of a statewide STR registryStandardize safety requirements across the stateProtect the ability for local government to zone STR in accordance with their needsThis isn't the first attempt at statewide regulation, and its clear the bills as written would be operationally burdensome to put into place for the state (aka, expensive) and the problems they are trying to solve are not, in all, a result of STR in our communities but of bad tax laws already in existence.
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15 April 2024 | 35 replies
(These averages represent state-level data, and individual cities may levy additional taxes.)To achieve the same level of cash flow as a property in Nevada, you would need to generate a higher cash flow in Texas and Florida to offset the higher operating costs.Texas: The property must generate $5,752 ($9,256 - $3,504) more cash flow annually to compensate for the higher operating costs.Florida: The property must generate $2,343 ($5,847 - $3,504) more cash annually to compensate for the higher operating costs.Overhead costs can greatly affect cash flow.
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13 April 2024 | 13 replies
You can also be hit with special levies or increases in the fees as well as the condo board changing rules regarding rentals.Three years ago when I was looking at a higher end condo vs a single family home, the comparables in terms of rent were a condo for about $240K with monthly fees of $250 (I think) vs a single family home for $270K.
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9 April 2024 | 21 replies
Ask to see the minutes of the Council meeting where their STR regulations and excise tax were discussed so you can see not only what the final outcome was, but also see the comments from the staff and council members so you can see if they were entirely in support, somewhat in support, or strongly divided.