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6 September 2024 | 28 replies
Use software to track the income and expenses.
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3 September 2024 | 10 replies
Buildium is a property management software and quickbooks is accounting software.
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5 September 2024 | 2 replies
The bond market is "pricing in" the policy shift that the Fed finally confirmed in recent weeks.
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5 September 2024 | 15 replies
I currently have a very stable software engineer position and eventually hope to cut back hours or become a contractor that works 20 hours per week once I am able to hit some of my financial goals.The ADU seems like a potential way to keep my mortgage expenses down since I would just pay for it up front with the sell of the property.
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4 September 2024 | 0 replies
-Lastly, ask for the investment or seek confirmation of their current or future investment, bringing the conversation to a decisive point.You should be well versed with the details of the deal before talking to investors:● Understand the average median income in the area.● Be aware of the average rents in the market.● Familiarize yourself with comparable properties (comps).● Understand what needs to be done in terms of improvements or renovations.● Be knowledgeable about the internal rate of return (IRR) for the investment.● Determine the anticipated holding term for the property.● Know the initial capitalization rate (going-in cap).● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.
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3 September 2024 | 6 replies
If it is a month-to-month rental (or verbal, which is the same thing), then you have to give 30 days notice before making changes.I recommend you spend 3-6 months observing the tenant to confirm you want to keep them.
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1 September 2024 | 5 replies
I want to make sure Im prepared with the correct documentation to rent out my condo and would appreciate all opinions if im missing anything: - I have the rental application- I have my rental property agreement that I...
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4 September 2024 | 6 replies
Can someone who has seen this before please confirm if the above is correct and am I missing anything or need to consider anything else.
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4 September 2024 | 14 replies
Can't speak for AirDNA, but you don't have to have sophisticated software to know that Galveston is a great spot for a vacation rental.
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5 September 2024 | 19 replies
Currently, I'm moving to self storage because I like the business model and can see myself running these when I quit my W2 job (software sales) here shortly.