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4 September 2024 | 11 replies
If you perform a cost segregation study for your short-term rental property, you would typically file Form 3115 (Application for Change in Accounting Method) to claim the depreciation adjustments from the previous year without needing to amend your prior return.
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3 September 2024 | 5 replies
They will have systems in place to find off-market deals so you can analyse where the numbers are more attractive for you.You can also try the wholesaler list method.
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5 September 2024 | 9 replies
Its great to hear you're going the direct to seller route, its by far the method with the highest margins.
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4 September 2024 | 9 replies
They communicate only after I had to contact them.
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8 September 2024 | 101 replies
Tenants who felt it their right to drop by my house after moving out and not receiving an immediate refund of their security deposit (versus 30 day timeline communicated in writing).Perpetually "nomadic tenants" that thought moving every year was a normal part of life (costing 1-2 months of lost rent/year).Constant maintenance/repairs from tenants that that let children destroy walls, carpets, and fixtures, repairs that inevitably fell on owners to repair for any subsidized housing program inspection.
4 September 2024 | 12 replies
Otherwise, you probably will end up with a cheap, bad at communicating company who you will end up regretting hiring because they aren't actually getting anything done.
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6 September 2024 | 24 replies
Think in terms of green yellow red communication in these reports.
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4 September 2024 | 7 replies
The lack of clear communication from the lender left us in the dark, wondering if this deal would ever see the light of day.The night before closing, we were still in limbo, with no confirmation that the deal would go through.
4 September 2024 | 12 replies
The numbers here aren't the best if the plan is to use the BRRRR method but there is still enough equity in the property to sell it at a profit.
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2 September 2024 | 31 replies
Below are a few things I look for in a vacation rental cleaner:1) Hot Tub Maintenance: Since many of my properties include hot tubs, it's essential that my cleaners are experienced in testing water quality and adding the appropriate chemicals as needed. 2) Clear Communication: Real-time communication is crucial for me.