Grace Hartman
Help with closing terms for rental purchase
12 November 2024 | 6 replies
If so, then it could get messy. 5% down is conventional so I don't think it would show on an appraisal, in that case you could work on doing an escrow holdback i.e. the seller holds a certain $ in escrow with the title company based on the quotes you receive.
Jake Tiffany
Marketing to Marketers
15 November 2024 | 5 replies
They don't care about your criteria, since it's not going to change the kind of deals that they come across.The take-away here is not to be like most newbie wholesalers: Don't do "carpet-bomb" marketing!
Raghavendra Jakkani
Zillow is listing all three houses as apartment units, but they are separate houses.
11 November 2024 | 4 replies
Zillow is a mess. I
Mad Dendukuri
When is relocation to tenants required for doing repairs
13 November 2024 | 8 replies
HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded.
Austin Tess
Month to Month
8 November 2024 | 4 replies
If you need to modify the agreement, you need to keep track of the notices/addendums and then over time interpreting the lease becomes messy because the agreement is actually the sum total of ALL of those documents over time.
Will Gaston
Nearing 1,000 College Student Tenants: Here's what I've Learned
21 November 2024 | 305 replies
@Houston Pitts We remove any/all carpet and replace with either durable vinyl, engineered hardwood or ceramic tile.
Gisele Sood
how do I know what is more lucrative: quadruplex versus residential
12 November 2024 | 15 replies
For example, we finish the basements with indoor/outdoor carpet (instead of LVP, which makes it feel a lot more homey), because we know parents go nuts in the winter if they can't send the kids downstairs to pay - or have a space for the guys to watch the game on Sunday.
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.
Jared Smith
Fleas for Rental Property in Cleveland, Ohio
5 November 2024 | 6 replies
No carpet and fully renovated.
Marc Shin
lower cost alternatives to Quartz / Granite countertops in an STR
5 November 2024 | 22 replies
I had a neighbor who was extremely messy, and she couldn't ruin her granite either.