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17 February 2025 | 10 replies
Also, don't bid until they are approaching your max.
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12 February 2025 | 17 replies
@Diana Mulvihill listen to your gut just work on your pricing strategy and do your best to maximize revenue.
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11 February 2025 | 12 replies
It really makes a difference when you use pros that specialize in REI and how they can help your money work for you.
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27 February 2025 | 3 replies
Move-Out Checklist for Investment PropertyA well-structured move-out checklist helps protect your investment, ensures a smooth tenant transition, and reduces turnover costs.Tenant Responsibilities (Before Move-Out)✅ Provide written notice of intent to vacate (per lease terms)✅ Schedule a move-out inspection (if required)✅ Pay all outstanding rent and utilities✅ Remove all personal belongings and trash✅ Clean the unit thoroughly:Wipe down walls, baseboards, and doorsVacuum and mop floorsClean kitchen appliances (inside/out)Wipe down cabinets and countertopsScrub bathroom sinks, toilets, showers/tubs✅ Replace any missing or burned-out light bulbs✅ Repair any tenant-caused damage (holes, broken blinds, etc.)✅ Return all keys, garage remotes, and access cards✅ Provide a forwarding address for the security deposit refundLandlord/Property Manager Responsibilities✅ Conduct a pre-move-out inspection (optional)✅ Take photos/videos of the property’s condition✅ Verify all keys, garage remotes, and access cards are returned✅ Check for unpaid rent, utilities, or damages beyond normal wear and tear✅ Hire a cleaning service (if needed)✅ Complete repairs and maintenance (paint, flooring, appliances, HVAC, plumbing)✅ Change locks if required by state law or property policy✅ Test smoke detectors and carbon monoxide alarms✅ Review lease terms for security deposit deductions✅ Send tenant security deposit refund (minus any deductions) within the legal timeframe
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27 February 2025 | 6 replies
. - When we've review these options with clients the ending outcome is typically that it's easier to forgo the 121 exclusion if you want to keep this property; and do a cash-out refinance (taking on more debt isn't taxable) instead.
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13 February 2025 | 13 replies
@Edward Barrett it is really a mixed bag.
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13 February 2025 | 5 replies
Also a ton about it here https://www.biggerpockets.com/blog/renovation-toolkit
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13 February 2025 | 15 replies
Do you have any CPA recommendations for me?
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14 February 2025 | 25 replies
@Nathan Gesner had a pretty robust post on how to do that some weeks back.Another problem that is getting in your way is the use of term leases here in NY.
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28 February 2025 | 5 replies
If the gap still exists, is it more narrow today than it was during the lower rate environment?