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4 November 2024 | 16 replies
Has anyone had success with obtaining a completed template that could be customized as needed?
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5 November 2024 | 2 replies
Currently landlord pays for all utilities, is a system/product/device that can be installed to the water meter that tracks the usage of water through each unit so I would be able to bill the tenants separately?
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4 November 2024 | 1 reply
You can create custom maps to mark areas of interest, track properties you're considering, and note key amenities like schools, shopping centers, and public transport.
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8 November 2024 | 21 replies
Hi James, We have many customers from out of state and people that build a strong portfolio from afar.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
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4 November 2024 | 10 replies
Pretty much any way I can add value I will do it even if its a 50k house that will require that I put in hours and hours of work because investor clients are typically return customers.
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6 November 2024 | 10 replies
I’ve been managing it myself, utilizing Guesty to sync my bookings and send out automated messages.
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4 November 2024 | 4 replies
I will require the contractor warranty the work for 1 year, and provide the same documentation that they would provide to a paying customer.
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6 November 2024 | 12 replies
We figure 15k yearly in holding costs, HO insurance, flood insurance, taxes, utilities.
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3 November 2024 | 2 replies
Most of my customers who own their own land typically use Fannie Mae since it offers a ower Dp for 2-4 units and the guide lines are more lienant.