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10 December 2024 | 3 replies
Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly
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15 December 2024 | 13 replies
., more than half of the calendar year) for the Borrower’s personal use and enjoyment"This means that you can only book it out on STR platforms for half of the year (50% max occupancy), which really sets a cap on your max income.
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9 December 2024 | 2 replies
Probably too small of a sample set here on BP, ask your lawyer or CPA to review
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10 December 2024 | 100 replies
As a landlord, sometimes I have prospective tenants apply before they’ve set foot on the premises.
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17 December 2024 | 86 replies
Once approved set a goal- Let's say 4 fix & flips that net you $25K each; $100K; now you have a downpayment for one or more buy and holds.
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9 December 2024 | 1 reply
This credit amounts to $1,666 per month, with the monthly rent set at $3,300.From an accounting perspective, should the $1,666 per month be treated as a liability (deferred credit) and excluded from income, or should it be recognized as income and then applied as a credit at closing?
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10 December 2024 | 5 replies
If you hired an agent or a broker to work with you, you'd be covered - but regulations & laws vary from place to place.Screening is best done by establishing a set of guidelines to qualify applicant tenants, then sticking to those rules to avoid legal issues (and for your own sanity).
9 December 2024 | 2 replies
What should I expect and how should vet/set up a lease through a temporary housing company for a tenant?
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8 December 2024 | 9 replies
.- Setting up Booking.com was a pain in the butt but unlike others on here have said, I haven't had issues with them.
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10 December 2024 | 9 replies
You need to set a deadline for them to correct the issue, then follow up with an inspection or other method to confirm compliance.