12 July 2024 | 5 replies
Essentially, each property owner has two accounts, one in USD for rental income, property management transactions, and commission paid to me, now the other account is in a foreign currency and deals mostly with the rental expenses and transfers from their USD account to cover these expenses.Any suggestions would be greatly appreciated!
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12 July 2024 | 11 replies
Essentially delaying the eviction and costing us additionally vacancy.
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12 July 2024 | 5 replies
Hi Nina.If I were not experienced in land lording and property manager, I would look personally to the extent you want to learn or experience property management versus hiring someone else that you trust to do the job.Yes, the cost for a property manager is important but not essential- the cost between property managers are not double or triple the cost of others (say like attorneys in some areas of law or cars).
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14 July 2024 | 16 replies
In one case I converted the detached garage of a SFH into a legal ADU essentially converting it into a duplex.
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11 July 2024 | 5 replies
You don’t save taxes by using the money to buy another principle property.
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11 July 2024 | 0 replies
Flipping houses can be profitable, but it's essential to understand the tax implications:1.
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11 July 2024 | 1 reply
However, it's essential to work with a knowledgeable lender and ensure the property meets VA requirements.
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10 July 2024 | 11 replies
If I jump to the end of this story first, I will tell you that at 7% interest and high market values, very little cash flows well when you take into consideration principle, interest taxes, insurance, and a $100 maintenance reserve… at least where I live in Florida - but we have really high insurance rates.
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12 July 2024 | 7 replies
It's essentially a second mortgage.
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11 July 2024 | 4 replies
It's essential to educate yourself in property management and tenant relations so it would be a smooth stream.