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15 June 2024 | 10 replies
My second biggest lesson is to not expect them to treat your property as if it is their own and to monitor their work accordingly.
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16 June 2024 | 12 replies
I would also prioritize trying to replace your regular 9-5 job and then gradually increasing your income with more experience.
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18 June 2024 | 38 replies
@Emily Anderson true on the flat 24% tax rate on rental income without the possibility to deduct costs from it.Keep only one thing in mind: rental income is being added to regular taxable income (salary and rental income).So I could deduct costs before ending up with taxable rental income, however for me, it is being added and calculated together with my salary income.That means I'm easily reaching higher tax brackets even after the deductions, while with a flat rate it always stays the same (even if you earn way more rental income).
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20 June 2024 | 69 replies
Somewhere in there, there has to be a mechanism that makes the regular commentators some kind of money.Really, how do you explain what it's like to live the different versions of this real estate life and be as focused as we are on things that are so different from what most people think about?
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13 June 2024 | 4 replies
Of course, we were monitoring the situations and asked neighbors to quiet down on occasions, but because they still occasionally made noise (regular household noise, not massive, all-night parties), and I didn't evict, then I'm not accommodating her needs.Does anyone know of any special accommodations that need to be made for mental health reasons (as opposed to handicapped access, etc) that I need to know about before going to court?
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15 June 2024 | 10 replies
I see these four rentals providing us a regular stream of income during retirement.
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15 June 2024 | 6 replies
The purpose would be to rent it out through a property manager just like a regular single family home.
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14 June 2024 | 7 replies
Competitive upfront costs and ongoing subscription costsPlus 2 Nice To Haves: Good analytics reporting and Compliance Updates regularly communicated
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14 June 2024 | 17 replies
You should set aside 10 - 30 minutes every month to monitor what is happening with your property.
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14 June 2024 | 12 replies
Or is it a regular house in a neighborhood?