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4 November 2024 | 7 replies
My wife and I use Avail to find, screen, and manage applicants.
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4 November 2024 | 8 replies
If you set standards and stick with them, you'll catch shenanigans like this.The policy should be that every adult passes your screening, period.
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5 November 2024 | 34 replies
This will show you how many furnished units are currently listed on FF, their size and monthly rate as well as the number of searches.
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4 November 2024 | 13 replies
List all the mistakes you made, from screening to accepting late rents.
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7 November 2024 | 7 replies
To avoid any confusion, this is not the same thing as ( “home sharing”, or an “owner-occupied rental.”)Improvements generally need to be depreciated over 15 years, note I said generally, depending on the nature of the improvement and how long the IRS standard depreciation period is for the cost and size of expenses.Strategies depend on a number of things including, but not limited to: type of property, your material participation, how long you plan to hold it, your goals.
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4 November 2024 | 4 replies
I use PropertyShark to find the lot size, previous/ current owners, square footage, sale history, ect...
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3 November 2024 | 15 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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4 November 2024 | 34 replies
As a screening tool, I ask for proof of funds before we bother a tenant and show the property.
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5 November 2024 | 5 replies
The monthly profit can be anywhere from a few hundred dollars to a few thousand dollars depending on the size, condition, and rental rate of the property.
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6 November 2024 | 13 replies
Every market is also extremely different from the next, so there's no one-size fits all approach.