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5 February 2025 | 2 replies
@Abel Curiel, When I first drove by this property in my initial search it caught my eye...out of the 100 or so properties i had on my initial list this is the only one that I had memorized the address of.
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30 January 2025 | 3 replies
Before you even address your original question.
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16 February 2025 | 24 replies
I'm sure at some point if it becomes issues in other areas, they will have to address it that time as well.
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22 February 2025 | 83 replies
Can I post an email address or phone number#
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22 February 2025 | 23 replies
I can send something blind to the address, but how do I prove I'm the owner, especially if I don't know the tenants' names?
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21 February 2025 | 18 replies
Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!
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21 February 2025 | 6 replies
No, you cannot create phantom losses this way.Some additional issues that we have not addressed:- holding rentals inside an S-corp has many tax disadvantages- you will likely jeopardize your $250k/$500k capital gain exclusion for homesteads- you will lose asset protection afforded to personal residences by most states- you will lose your homestead exemption for local property tax - your insurance will have to change from owner-occupied to rental, i.e. go up- and there's moreConclusion: there're reasons why nobody is doing this clever "strategy" but A+ for trying.
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28 January 2025 | 1 reply
That will give you a good idea of how it will go.Plus you can go over to https://awning.com/airbnb-estimator and put in some addresses and see the local competition.
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3 February 2025 | 14 replies
You'll just add to your losses and still have the same mess to clean up.The process for abandoned property is to give written notice to the tenant at their last known address (your rental).
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27 January 2025 | 6 replies
One more thing I should address: Installing cameras inside of a residence with other tenants can be a HUGE legal violation.