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9 March 2024 | 2 replies
I added value by installing four laundry rooms and kitchens in the existing spaces and separated them to create individual rentals.
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8 March 2024 | 5 replies
I have a tenant who is requesting to childproof the crank windows in the home she's renting from me by installing a product that has to screw into the casing.
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12 March 2024 | 168 replies
I spent $400 having some new rails installed and $125 to service the HVAC, that's it.I now have it rented for $800/month.
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9 March 2024 | 10 replies
My accountant was able to have the tax office agree to let me pay it off in monthly installments.
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8 March 2024 | 10 replies
Two things that have caused me to choose to not install a hot tub at our STR:1.
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9 March 2024 | 13 replies
All in all, you'll likely get a discount on the property because of the zip code but be prepared for high needy calls and installing some extra safety measures to protect yourself and your guest.
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9 March 2024 | 11 replies
This include conventional, creative options like this 5% down option, DSCR, non-recourse, commercial, LOCs, HELOCs, installment loans, bridge loans, etc.
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6 March 2024 | 5 replies
Is it reasonable to ask the tenant to complete the self-install of the new equipment, or should I have someone else do it?
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8 March 2024 | 1 reply
As a Cap Rate is indicative of the risk involved in owning the property, you want to focus on doing things that make your investment less risky if a bank ever had to take over.You can make your investment less risky by doing some of the following things:- Convert all month-to-month tenants to annual leases- Implement strict minimum rental criteria- Add security cameras- Make large capital and preventative improvements (fix drainage issues, install water pressure regulators, replace old HVACs...you get the picture)- Essentially, prove with action that you are caring for the property on a long-term basisThe only way this is effective is if you document everything you are doing as well.