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2 December 2024 | 10 replies
I charge a premium and as such, expect things to be a bit nicer and feel okay saying no discounts for people shopping for discounted stays as there is a reason I charge more than my competitors.
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2 December 2024 | 10 replies
I was wondering if anyone here have a clause they use to bill the tenant the sewer utility as some form of additional rent.You should have in your lease that the tenant is responsible for all utilities (this would include sewer even if it has to stay in the owner's name) Sewer bills come out once a year here (except some Town municipalities where they are billed monthly) We add them to the tenant ledger and the tenant reimburses.If that isn't spelled out in the lease you'd need an addendum to include it or do at renewal.
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5 December 2024 | 18 replies
First one that went in was 3 months but stayed 11.
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6 December 2024 | 12 replies
Note: This all pertains to the 2022 tax year and I still have a W-2 job which is the main source of my income.Given I've only owned a rental for one year (also my first home ever) and I'm very new to rental-related taxes, I of course hired a "good" tax advisor/CPA to help ensure I stay out of trouble with the IRS.
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2 December 2024 | 34 replies
You DO NOT ever finance the property to a buyer/tenant with the intention or hope that they don’t stay in the property.
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29 November 2024 | 11 replies
When you are new as an investor, you also don't want to work with a new agent (you).Overall, I think a RE license is good for access (to homes to get reps and to the MLS) and I think the course itself is way more valuable for investors than agents (most just stay in residential and don't need to use all the weird stuff you learn).
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6 December 2024 | 27 replies
Maybe if I built a portfolio and had more funds to work with I could stay in state.
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1 December 2024 | 3 replies
Instead of paying 1250$ a month and staying in my current home I can pay 977$ per month and have an additional 4br/2 bath property.
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5 December 2024 | 17 replies
I'd love to stay in touch,Good luck!