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19 November 2024 | 11 replies
If you have your current needs covered and are investing for the long future, i.e. retirement - then Roth IRA is absolutely the way to go.
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18 November 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.
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19 November 2024 | 1 reply
Totally worth it to cover any gaps.For managing it all, a Property Management System (PMS) could save you a ton of time by syncing calendars, automating messaging, and handling bookings.
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20 November 2024 | 9 replies
You deduct what you can from the deposit and charge them for the remainder.If it takes longer and the deposit won't cover the losses, send a bill to your departing tenant and give them 30 days to pay.
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21 November 2024 | 16 replies
This will vary by lender, but 60 days will cover seasoning for most.
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20 November 2024 | 4 replies
They seem expensive, but they can probably demand a higher rent rate that will cover their costs.
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26 November 2024 | 25 replies
Realtors have companies and insurance to cover lawsuits.
19 November 2024 | 28 replies
I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?
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14 November 2024 | 25 replies
They provide essentially all the tools under one roof for you.
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18 November 2024 | 5 replies
Roof is 30 yrs old but structural and foundation is in good conditions and everything else is intact.