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22 October 2024 | 20 replies
I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.
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19 October 2024 | 4 replies
For starters, the prospect passes our 3.5x income requirement, has a 700+ credit score but a few things that I seem to have trouble with is the management company that was on the application, I wasn't able to find any viable information through regular web searches, but through the Business public record I found an LLC to this management company which I found was created 5 months ago.
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21 October 2024 | 9 replies
He is a Texas attorney who knows his stuff and has some references if necessary I'm sure.
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22 October 2024 | 14 replies
She can't afford rent, so you get her moved out by the end of the month, then apply her deposit to the unpaid rent, cleaning, and repairs.I may even incentivize her to leave quickly by offering to forgive the unpaid portion of rent if she gets out by the end of the month, but it really depends on a number of factors and I'm not going to ask for details.For future reference, best practice is to have set standards and adhere to them every time.
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30 October 2024 | 236 replies
That was what this was in reference to.
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21 October 2024 | 11 replies
You an use this if you are either looking to invest passively, or, if you are raising capital, refer back to it, and focus on these three pillars:The biggest mistake I see passive investors make is they focus on the deal, what's my return, when in reality, that is the last pillar they need to focus on.
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19 October 2024 | 16 replies
I’ve updated my listing to remove the reference to the fee and selected the paid parking amenity but I’m not convinced that they won’t delist my properties in the next 7 days.
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21 October 2024 | 176 replies
@Nate Armstrong what experts are you referring to?
17 October 2024 | 15 replies
For all practical purposes, 100% bonus is dead, as far as I know.Depreciation, bonus or regular, starts when the property is placed in service, not when purchased and not when cost seg is done.
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19 October 2024 | 7 replies
I have been trying to research and have left messages and sent emails with no response to the HUD link I was referred to.