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1 October 2024 | 29 replies
@Troy Sheets are these GCing yourself, or are you hiring a contractor?
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1 October 2024 | 8 replies
I currently hire a property manager for 5 MTR properties.
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30 September 2024 | 9 replies
Once I hire a GC and they start their work, I need a Builder’s Risk policy with a “Theft & Mischievous Damage” rider or a “Special Form” policy.
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2 October 2024 | 17 replies
The short version is this: If you're willing to pay (considerably) more for the security of guaranteed rent, they are probably worth hiring.
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28 September 2024 | 9 replies
Quote from @Jackie Liu: Hire someone to patch and paint the walls, then charge the tenant whatever that costs.
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1 October 2024 | 9 replies
It's better to hire someone else to handle this, but that doesn't seem feasible because you don't decide what should or shouldn't be done if the budget is less than $500.
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28 September 2024 | 1 reply
Hired general contractor to renovate the home
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30 September 2024 | 10 replies
Starting smaller might help you gain confidence and reduce potential stress.In your situation, if you're comfortable hiring a property manager to handle day-to-day operations while you’re working in the oilfields, going for the 4-plex could make more sense, especially with your high income.
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30 September 2024 | 47 replies
No help from what supposed to be "the school" they have ignored me and I had to hire a lawyer.
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30 September 2024 | 10 replies
Sure it can be a write off, but my question is if it is the highest and best use of your time (or the given employees time) to be running a skid steer - transporting it, storage, maintenance, cleaning, etc, and if it still makes sense if you need to hire someone to run it for you and take care of the other things.Add up all those recurring costs - maintaining the machine, maintaining the trailer, having a large enough truck to tow it, insurance and registration for all of the above, your time or your employees time related to all of the above...even at $14k a year it might be attractive enough to keep paying that and having them drop it off at the job site for you.A brand new machine could easily cost you over 6 figures - that's 7 years of rentals at $14k/year before including all the holding costs.