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26 June 2024 | 6 replies
The window must have a net clear openable area of 5.7 square feet (5.0 square feet if ground floor), a minimum openable height of 24 inches, a minimum openable width of 20 inches, and the bottom of the opening must be within 44 inches of the floor.Size: The room must be at least 70 square feet, and no less than 7 feet in any horizontal dimension.Lighting & Ventilation: A natural light source (window) of not less than 8% of the floor area and natural ventilation (openable window/door) of at least 4% of the floor area are required.Heating: The bedroom must have heating capable of maintaining a minimum room temperature of 68°F.Smoke Detector: A smoke detector is required in each sleeping room.While a closet is expected in most bedrooms, the International Residential Code does not actually require a bedroom to have a closet.
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27 June 2024 | 10 replies
Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..
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25 June 2024 | 9 replies
I have been working with DVG Realty and they have been great so far and I know they are capable of handling any type of tenant.
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27 June 2024 | 20 replies
Especially since you have so much help.A rented sander and supplies will cost you about $300... all the rest is labor.
26 June 2024 | 4 replies
Several US markets re currently buyer/renters markets due to the increased supply of properties on market.
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25 June 2024 | 5 replies
Months Supply of Homes for Sale increased 46.7% to 2.2 months View the full Charlotte report: https://marketstatsreports.showingtime.com/...
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25 June 2024 | 6 replies
It's a econ 101, supply and demand.
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25 June 2024 | 4 replies
Here’s how you can evaluate the investment potential in this area and ensure it aligns with your goals:Local Market Research: Since these are new homes and there isn’t much inventory for 3-bedroom, 2-bathroom properties, you could benefit from a high demand and low supply situation.
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25 June 2024 | 3 replies
Can I write off BOTH the moving truck that I will hire AND my entire cross-country road trip (hotels, meals, supplies, etc.) to get my car there?
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27 June 2024 | 26 replies
For example, in AZ per flexMLS data, the rise in the number of rentals has increased from 2,000 units on 1/1/24 to nearly 4,300 listings, not counting the explosion in supply FS on the MLS.