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27 November 2024 | 22 replies
I am a busy man, sometimes more than others, as we all are.I come in here to help others when I can.I make no money from this-and making money is my primary focus.That and handling the responsibilities and time consuming tasks that go with it.I also lead a very comfortable life full of friends and business acquaintances that take up a great deal of my time.
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1 December 2024 | 5 replies
Build yourself a Google business page, make yourself easily bookable on Airbnb (did you know that 25% of nights booked on Airbnb are for 30 day stays and more?
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2 December 2024 | 10 replies
I charge a premium and as such, expect things to be a bit nicer and feel okay saying no discounts for people shopping for discounted stays as there is a reason I charge more than my competitors.
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2 December 2024 | 10 replies
I was wondering if anyone here have a clause they use to bill the tenant the sewer utility as some form of additional rent.You should have in your lease that the tenant is responsible for all utilities (this would include sewer even if it has to stay in the owner's name) Sewer bills come out once a year here (except some Town municipalities where they are billed monthly) We add them to the tenant ledger and the tenant reimburses.If that isn't spelled out in the lease you'd need an addendum to include it or do at renewal.
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27 November 2024 | 8 replies
Option A (continue renting) offers stable, inflation-protected income and potential appreciation, but managing the property may impact your retirement comfort.
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5 December 2024 | 18 replies
First one that went in was 3 months but stayed 11.
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6 December 2024 | 12 replies
Note: This all pertains to the 2022 tax year and I still have a W-2 job which is the main source of my income.Given I've only owned a rental for one year (also my first home ever) and I'm very new to rental-related taxes, I of course hired a "good" tax advisor/CPA to help ensure I stay out of trouble with the IRS.
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29 November 2024 | 11 replies
When you are new as an investor, you also don't want to work with a new agent (you).Overall, I think a RE license is good for access (to homes to get reps and to the MLS) and I think the course itself is way more valuable for investors than agents (most just stay in residential and don't need to use all the weird stuff you learn).
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4 December 2024 | 18 replies
I have studied the market there for a bit now and am comfortable with investing with decent Cash Flow and modest property price gains.
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26 November 2024 | 9 replies
You also need to be able to rely on project management skills to manage the project to stay on track.