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5 November 2024 | 52 replies
Not a bad source but the leads weren't as good compared to the early days.
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31 October 2024 | 11 replies
STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.
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29 October 2024 | 5 replies
If you are charging market rent, the rent you will lose for that 1 week of occupancy would afford you the ability to rent a comparable property on the market without the need for any of this kind of nonsense.
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28 October 2024 | 6 replies
If you don't have the 5% down payment then you can do a HELOC on your current house to do it, but it will at least be easier to pay back compared to a 20% down payment on an investment property.
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31 October 2024 | 37 replies
Asset Set-up Fee: I've never seen this, but its fairly small compared to the other fees.
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27 October 2024 | 8 replies
Comparing two deals - with almost same price point #1. no rent increases but Percentage rent lease - There is a base rent ( ~65% of NOI) and the rest is percentage of their gross sales in last 12 months#2. 10% rent increase every 5 yearsAs a newbie option #2 seems preferable /safer to me, and #1 may be slightly riskier.
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28 October 2024 | 24 replies
I wouldn't worry too much yet but if after a couple more days of no activity, I would bring the price down a bit to be closer to the top end of the market and see if there are recent comparables that have been rented (especially if you have access to the MLS)
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31 October 2024 | 17 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.
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28 October 2024 | 2 replies
Additionally, ARVs in these areas have a cloud of uncertainty so it will be prudent to be conservative in your analysis and have multiple exit strategies in place.If the home is located in an area with minimal impact from the storms, there has been a small uptick in pending sales the past two weeks compared to same period prior to the storms.
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28 October 2024 | 2 replies
But when we compare this year's figures to 2019 (the last normal tourism year pre-COVID), we see continued growth.