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16 April 2024 | 8 replies
An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).
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17 April 2024 | 17 replies
If you were 30 days late they started eviction right away, if you paid up it would reset the clock until you were again 30 days behind.I got a note in the mail to say that this was my last chance and if I was late again when I renewed I would be MTM and that meant that I would have resign the lease or initial it every month,rent was $100 more for MTM leases, and if I was late while I was MTM it would not be renewed.Luckily I got that letter at the same time I got permanent employment with a huge IT Services company.Having permanent employment instead of working for a few months getting laid off and working again for a couple months fixed the money issue.You might want to do the same sort of thing.Raise the rent, make sure they know the rent is being raised because they cannot pay on time, and if they are late again, they will be kicked out even if they pay up.
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17 April 2024 | 13 replies
If you want to fund a solo 401k (and I think everyone should) you need a side hussel of some sort or just go into contract/consulting work full time.
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16 April 2024 | 5 replies
An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).
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16 April 2024 | 2 replies
No depreciation is being claimed.RentingFamilyMember has a few questions, which may be mutually exclusiuve:(1) Can RentingFamilyMember just quit filing Schedule E altogether and call this some sort of cost sharing arrangement?
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17 April 2024 | 22 replies
Talking to sponsors although it seems like the thing to do is sort of a waste of time since everyone knows all the answers to your 21 questions.
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17 April 2024 | 39 replies
Should this revenue not be factored into the value of the management contract or value of the pm company at some sort of additional valuation?
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16 April 2024 | 12 replies
I would either move out and do another house hack or do some sort of value add project so you can recycle at least some of the money.
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15 April 2024 | 3 replies
You need to know what is typical for that sort of asset in your market.
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18 April 2024 | 46 replies
I wonder if its sort of a white elephant as it were.