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6 November 2021 | 19 replies
I've sent them money for a hotel and keep offering to pay for a hotel until the problem is fixed or they find another residence.
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4 November 2021 | 9 replies
I couldn't find a hotel anywhere near that!)
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10 November 2021 | 5 replies
@Dylan DomingueFirst things firstMost 22 unit motels are management intensive as the revenue is too small to afford a top manager or a hotel operator.
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13 November 2021 | 18 replies
What was going to be Trump Tower downtown has a new Developer and another 30 story Tower with half Hotel and the rest million dollar Apartments.
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3 November 2021 | 3 replies
I know condo-hotels (condotel) are not new but I am seeing more and more of them listed.
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5 November 2021 | 3 replies
MultiFamily, Hotels, Conservation Easement, etc)?
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5 November 2021 | 1 reply
@Timothy Burnes Don't do it. 10-20k in equity is not worth all those issues.Bed bugs are a significant defect that can take either $5000 and tenting the whole building for heat treatment, which requires vacating the tenants or getting them hotel rooms for a few nights, or a sustained program of prevention with bed risers, leg traps, sealed mattress bags, and the tenants need to keep it up for.. get ready for it.. 6 months, which is how long they can live without a meal.Sewage in the basement could be a big issue if you have a sewer backup problem.The sinking toilet sounds like it needs immediate attention, but at least that's a straightforward repair.The other issues are what I would consider "normal" as in, you could fix them but don't need to in order to make the place liveable.Based on the bed bugs alone I would avoid... if you are comfortable with this level of rehab you should be getting a way better deal.
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17 November 2021 | 29 replies
The duplex isn't the end goal, but a step closer to my 3rd and final red hotel in my overall monopoly game.
2 January 2022 | 6 replies
I then pay:- $1k to local government for a hotel tax (transient occupancy tax in order to operate my rental)- $4k to federal government estimated income tax- $2k to state government estimated income taxDoes this mean I can a) deduct $7k from rental income as other expense in schedule E?
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8 November 2021 | 10 replies
This is the same way that hotels handle non-cancellable rates.