21 December 2024 | 18 replies
@Preston Dean I personally like to make sure I have a set amount of reserves for each property to cover things, so if you have a pool of funds sitting aside personally I would just earmark a certain amount that you don't touch except for that property (or an emergency).
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12 January 2025 | 185 replies
Seems like maybe he uses the fact that buyers and sellers sometimes lie as justification to set the bar super low for himself when it comes to telling the truth?
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20 December 2024 | 28 replies
Or would you set up a parent LLC to hold all the individual LLCs in different states?
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20 December 2024 | 10 replies
Even in the off-season - you can optimize visibility by setting competitive pricing, using high-quality photos, and enabling Instant Book with flexible policies.For older listings, try adjusting prices with dynamic tools, highlighting upgrades, and regularly updating your title, photos, or descriptions to stay fresh in search results.These tweaks can make a big difference!
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26 December 2024 | 11 replies
I think behind tenant screenings and leases there is a quality of a landlord that's also as a person that is the respect for a good person and the intelligence of making fair affairs.For me for ten years in the past I had a house of 650sqft (two rooms and cozy kitchen) where I always have been giving away one of the room for others who were asking for help for themselves and I didn't had any earnings for me by that, and that has been during for many and many years, meanwhile I was surely needing more space for me, for my business in a studio and for my own personal life I eventually could have been having.Nonetheless this, on last years I had no more an house and I needed a room for rent, but even before any screening the landlords were being unrespectful and very unreasonably severe to me, they often had making me lose so much time by no taking or going away to the point I had no other choices in the end, and they set me in the wrong places for me, dangerous ones, too small, too big and very expensive, unhealthy ones or not providing anything at all when it was obvious they needed to.To me this kind of behaviour is very wrong, mostly because usually they are the same people who pretend respects and acts as they are very careful and attentive to housing situations in general, but with me, they have been lying above anything and just disrespected the person at a human level.
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25 December 2024 | 8 replies
Set a clear budget, research properties carefully, and keep growth potential in mind as you plan.Good luck!
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22 December 2024 | 9 replies
You can get combo units that are 24" wide and fit under a countertop so they can go right in a kitchen setting.
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22 December 2024 | 21 replies
Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.
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29 December 2024 | 24 replies
Currently finalizing a deal for another property with a different individual investor where we will have the same payout model, but they will put up a bit more cash to cover all the admin work I have to do to set things up.
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19 December 2024 | 14 replies
I've setup an LLC with a separate series for each of my rental properties (2 so far) I would like to set up a separate checking account for each series of the LLC.