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16 January 2025 | 6 replies
Have an intro call with them tomorrow and will likely move forward for 2023 taxes (have W2, a duplex and an Airbnb beach house)
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26 January 2025 | 2 replies
Unfortunately, it's now going to get more complicated:(There are two types of approaches PMCs use to bill for maintenance:1) In-house ServiceTechs on the payroll, so owners are billed for their time by the hour.While the labor charges above are useful, they don't cover the true costs a PMC incurs, like:- Payroll costs for FICA, Social Security, Medicare, etc. that typically add 25-40% to the hourly rate- Medical insurance costs for the worker- Payroll processing costs to handle all of the above- Liability insurance costs in case worker damages something or injures someone- Workman's Compensation insurance- Costs of vehicles and tools- and more...Typically the management contract will disclose the total hourly rate an owner will be charged.
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6 February 2025 | 12 replies
We bought around 20 plus houses in a little over two years time.
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6 February 2025 | 13 replies
Once you land on the right PM, transition everything to them.As others have stated, four houses is not a big task.
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7 January 2025 | 5 replies
I have lived in Austin for almost 20 years where I own one house that has been my primary residence for four years now.
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31 January 2025 | 19 replies
Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.
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7 January 2025 | 0 replies
Purchase price: $1,300,000 Cash invested: $130,000 Sale price: $1,650,000 We work with an investor who purchases the house and secures a deed in his name.
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11 January 2025 | 4 replies
I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental.
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9 January 2025 | 1 reply
At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.
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17 January 2025 | 6 replies
The smart ones house hack and buy rentals, but the good ones know that their clients come first.