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25 June 2024 | 18 replies
Prospective renters will let you know if the property is priced too high, needs work, or the property has some functional issues that's keeping them from submitting applications.
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22 June 2024 | 23 replies
This is essentially a $6,000+ job of a brand new panel and outside shut off valve for what was previously a perfectly functioning system that had never given any issues.
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23 June 2024 | 105 replies
A properly established plan performs three primary functions: lawsuit deterrence, settlement negotiation leverage and/or placing your assets out of the reach of a legal opponent.You do this by:- Insurance - Using LLC's- Combining them with Trusts- Owning NOTHING personally in your name (the Rich own nothing, but control everything). - Use separate legal tools- DON'T FLAUNT YOUR WEALTHThe main ways clients use their planning are:1.
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21 June 2024 | 6 replies
Yes, Vermont towns have the option for a 1% local options tax in addition to the 12% combined tax above.
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21 June 2024 | 2 replies
Combination of owner carry and investment loan
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22 June 2024 | 10 replies
I know that combined with decent project management skills can bring a deal home.
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22 June 2024 | 5 replies
For example:General-Filters (furnace, air conditioning, oven exhaust, refrigerator, and water)-Stove burner when the “eye” needs simple replacement-Batteries and remotes that service the premises-Fan and light pull strings-Smoke and carbon alarms testing and batteries-Ensuring appliances are properly plugged in, hooked up, and used-Removing dirt, debris, and lint in and from connection pipes (e.g. clothes dryer)-Tighten loose screws on all home functions (e.g. doors, hinges, handles, socket -Balancing off-balance appliances-Cable, internet, and phone jacks-Fire extinguishers-Systems operation (e.g. security, irrigation, HVAC)HVAC-Monthly A/C filter and drain line maintenance Electrical-Reset “tripped” GFI breakers-Light bulbs (throughout and at the end of the tenancy)-Blown fuses-Reset breakers in the outside and inside breaker boxes-Socket and plug outlet coversPlumbing-Unclog drains or toilets-Caulking around tubs and showers as needed-Gas pilot lighting-Leaky faucets and shower heads-Toilet flappers, handles, seats and seat lids, tank lid, and flush kit-Sink and tub stoppers-If septic tank present, use RID-X as directed on consumer box-Proper cleaning of garbage disposal-Loose faucets and sprayer heads and hoses-Faucet filters (i.e. aerator)-Open exterior plumbing clean out when necessary (e.g. sewage backup)Exterior-Routine lawn (and pool) maintenance-Adjusting sprinkler heads as necessary-On the last month of tenancy, tenant must perform required lawn maintenance no sooner than 2 days prior to vacate dateThere’s a lot to consider as a landlord.
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21 June 2024 | 5 replies
You'll want PM, conventional, or a combination to buy more RE.
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21 June 2024 | 11 replies
I use a product called Baselane, which combines rent collection with banking and accounting.
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20 June 2024 | 10 replies
Hi, I'm a new REI guy in SLC (attorney by day).I like house hacking, costseg, STR, and BRRRR strategies, and I'm trying to combine all of them into my next deal.I basically want to create a new built, from scratch, on the outskirts of town, that was built to be a rooming house for house hacking and then, after one year, can be converted to AirBnB for costseg bonus depreciation.I'm looking for an agent/realtor/builder/expert who can sit with me on a Zoom call for 10-15 minutes think this out and brainstorm.