But if the market for large STRs is thin, the basement might not add substantial value.Selling: Selling could free up cash for other investments with better returns, especially if you’re uncomfortable with the low ROI and management required for STR.It’s a tough call, but if STR potential is there, it might be worth a trial period to see actual cash flow before committing fully to the basement investment.

To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.

I have friends that routinely complain about it.

There are plenty of books out there that give you advice and tips on what to do and how to draft leases but if you're still uncomfortable, then having an agent by your side for the first rental, might not be a bad idea. 

Seller is an elderly former school teacher of mine; does have somewhere to go but will be uncomfortable for her, 2.

You have to know that this job requires you to do uncomfortable things and take charge of situations like this. 

On a house hack, the more uncomfortable you're willing to live, the better the numbers will be.

Even if it feels uncomfortable, people are often willing to offer support, and you can reach out to me too!

You can achieve this by regularly checking the Search Terms report, routinely searching for your brand on Google, and pulling the actual keywords that are converted in your CRM.

I always go in with a simple offer of this is the rent, and we are also comfortable giving you a (insert something you need to do anyways like a basic, white paint job or a new appliance).This is one of the most uncomfortable parts of the business though, and the quicker you get over being able to have these conversations, the quicker you will be successful in this business.