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3 October 2024 | 14 replies
Investors will sometimes choose the second option / 40 year term because during the 10 year interest only period, the mortgage payments are lower compared to a 30 year fixed so more rent is going into the investor's pocket.
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8 October 2024 | 23 replies
They get free rent/all utilities paid and I pay mine a $500 month stipend after an initial 6 month trial period.
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4 October 2024 | 14 replies
It's too small to have employees and efficiencies but more work than I'd want to handle myself relative to other interests.
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3 October 2024 | 2 replies
Having your handyman do showings could be a solution, but keep in mind that if he’s not experienced in tenant screening, it could expose you to more risk, especially with squatters or less reliable tenants.You mentioned using something like Showmojo for smart access, which is great for efficiency, but I’d suggest ensuring you have solid procedures for background checks and tenant screening if you go that route.As someone who’s owned a property management company for 5+ years and manages over 300 units, I’ve seen the impact of not properly screening tenants.
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4 October 2024 | 8 replies
.-- Expect a grace period of two months once the new regulations are enacted into law.
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4 October 2024 | 4 replies
I have someone interested in staying 8 weeks at my STR during my slow period for a traveling CNA position.
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6 October 2024 | 27 replies
Seems extremely reliable and you have a 30 day trial period.
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7 October 2024 | 24 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.Something else to keep in mind is your entity structure and how your entities file tax returns.
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2 October 2024 | 11 replies
To weed people out but, the way im doing it doesn't feel very efficient.