I've watched some of the YouTube videos and listened to their podcasts - some of the free advice is helpful but I wouldn't pay for their courses or "mentorship" program.

(And sometimes, the property managers that advertise locally, actually live more than 50 miles away which means they might not have the necessary contacts with the local contractors or be as responsive as you would wish, so watch for that).

Here’s how it breaks down:- Normal Depreciation Recapture: Recapture is taxed at a maximum rate of 25%, regardless of REPS status, plus any applicable state tax.

It's also illegal for cities to attempt to regulate fees related to screening or applications.

We’re one ofthe 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 tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (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 takingseveral days to submit.

For example, we finish the basements with indoor/outdoor carpet (instead of LVP, which makes it feel a lot more homey), because we know parents go nuts in the winter if they can't send the kids downstairs to pay - or have a space for the guys to watch the game on Sunday.

Key areas to watch include interest rates and inflation, tax policies, affordable housing and rental assistance programs, regulatory environment, and supply-side initiatives.

Depending on the exact location, age, roof construction type, etc, there definitely could be a few things to watch out forAssuming the roof is of a reasonable age, it's still more than possible to cash flow with these properties, even after accounting for recent increases in insurance rates that we've seen.

First, it is a good idea to have a mini-application ready to store any information.

I have watched him build his business over the last 10 years or so.