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23 January 2025 | 9 replies
Speak with the director of development (they're not always titled that way, so just ask for whoever deals with area developments, new construction, rezoning, etc.) to ask if they'd be supportive of your plan.
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17 February 2025 | 13 replies
I invest, flip, and own a property management company in CT.
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14 February 2025 | 8 replies
However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.
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30 January 2025 | 13 replies
@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?
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14 February 2025 | 19 replies
The car/renters/umbrella won't be with Foremost but this way you can have one agent to manage your portfolio.
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1 February 2025 | 1 reply
However, I’d like to have a space of my own before living with others again (I plan to house hack again with my next property).I’m seeking advice on how to move forward, as I need to consider things like utilities, taxes, landlord/umbrella insurance, and managing the property, especially with someone renting my garage.Specifically, I’m curious about renting out individual rooms and living on my own for a little while.
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27 January 2025 | 10 replies
I have five houses in Memphis area, and the biggest problem has been finding a good property management company.
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31 January 2025 | 2 replies
I am reaching out to other OOS investors how do you manage your rehab when it is way past the timeline.
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27 January 2025 | 6 replies
Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else).