Trenton Pelloquin
Bookkeeping for long term hold rentals
24 September 2024 | 8 replies
In my opinion, anything that's not QuickBooks or Xero is just a watered down accounting software.I made a video about this on my YouTube channel, BP isn't letting me share it but PM me and I can send you the link
Patrick Shep
End of year tax strategies?
25 September 2024 | 7 replies
For example, do you have water heaters that are going to fail and flood your place because they are 20 years old?
Becca Pariser
Baseline or Relay for banking?
24 September 2024 | 14 replies
Do you pay utilities (electric, water) and mortgage through Baselane.
Trent Reeve
Home Warranties for STR
23 September 2024 | 6 replies
We had a client with a warranty who had a failed water heater.
Austin Bird
Is this a good estimate for expenses or overkill?
23 September 2024 | 4 replies
A hot water heater might have a 6 or 12 year warranty, but you can expect it to last double the warranty.
Elias Azo
New to Househacking
19 September 2024 | 13 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Colt Clark
gift baskets for first time tenants
23 September 2024 | 19 replies
NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.
Garrett Brown
How did you find your go to handyperson?
24 September 2024 | 16 replies
Because when that person does work for you, they will come there to buy the supplies, plumbing, or water heater etc.
Vin Gupta
How is the Orlando Real Estate market looking right now?
23 September 2024 | 7 replies
When purchasing, things that will amplify rates are roofs that have less than 10 years life, old water heaters, flood zones etc.
Saad Munaf
Pros & Cons of Replicating a Successful STR?
21 September 2024 | 13 replies
For example, I was looking in Cape Coral and there were nice modern homes with swimming pools doing barely $30k, whereas a pool in many other markets is a major advantage.