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10 February 2025 | 6 replies
Then either keep it rented when they were deployed elsewhere.
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20 February 2025 | 3 replies
I just had a tenant that tried to rent one of my houses and YTD income in September was bigger that YTD income in December.
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17 February 2025 | 1 reply
Plus I don't want to be in the electrical selling business, that includes no hookups to recharge electric cars.All I want to do is provide housing and collect the rent.
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12 January 2025 | 8 replies
I just bought a lovely 8 unit last April that had been horribly neglected but have turned it around and done some cosmetic renovations and increased rents.
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15 February 2025 | 21 replies
. $50 per bedroom, so a 4-bedroom house will cost you about $150~200consumables - bathroom supplies, kitchen supplies, beverage supplies: $20~30 per week, depending on how much you providewear and tear - towels, linen, kitchen utensils, some furniture: $1000~2000 per yearRepairs/replacement for things that guests break or steal: $1000~2000 per yearAlso, if your personal use is less than 14 days a year, the entire property's expense is deductible against STR income, but if you use more than 14 days, then you will have to calculate the proportion of how many days it's rented out vs how many days you or your family uses.
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3 February 2025 | 3 replies
Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.
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3 February 2025 | 12 replies
I took out a mortgage on the property in November to help make repairs and rent it out.
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1 February 2025 | 10 replies
It is often much lower than rent O meter because rent O meter is pulling data from the advertised price, not the rented price.
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10 February 2025 | 1 reply
One I would rent to my daughter.
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21 January 2025 | 10 replies
I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.