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21 October 2024 | 4 replies
Regularly review your property's performance, and if the ROE dips, explore ways to extract and reinvest the equity to maintain your investment momentum.
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24 October 2024 | 10 replies
Many times they will claim it's wonderful and then try to hide their worst deals by only showing completed deals.
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21 October 2024 | 6 replies
Regular smoke detector does not pick up the smoke.
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23 October 2024 | 13 replies
And since as a landlord with less than 100 homes you are limited to only filing a small claim on the damages and you can not report this kind of tenants to the Credit Bureau, it's worth the price.
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23 October 2024 | 15 replies
Do you know how to claim various safe harbors (de minimis, small taxpayer, etc).
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21 October 2024 | 16 replies
I don't care what my tenants do in their personal lives and they can have an occasional guest but when the "guest" is staying there on a regular basis, they are no longer just a guest.
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22 October 2024 | 8 replies
•Depreciation Recapture: When you sell a rental property, depreciation you’ve claimed can be “recaptured,” meaning it’s taxed as ordinary income up to a certain limit.
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21 October 2024 | 10 replies
These USPS leases can be a bit different from regular GSA.Check out this list of USPS https://about.usps.com/who/legal/foia/leased-facilities.htm
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23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
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21 October 2024 | 13 replies
A few of them came back years later and paid everything they owed because my claim was preventing them from qualifying for a home loan.