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10 December 2024 | 25 replies
If I can get 2 different renters in before Jan 1 2025-is still possible by obviously getting a cost seg.Also, would all of the house hunting, going out to see properties, research (calling city for license/map searching) and buying the furnishings count toward the 1 of 7 qualifications IRS demands in addition to the 2 Airbnb bookings-preparing home, cleaning, set up etc?
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8 December 2024 | 6 replies
You should only have to do this with the largest items- mainly couches/chairs and dining sets.
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9 December 2024 | 7 replies
@Jonathan Buelow My accountant and bookkeeper could care less about what I set my rents at.
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9 December 2024 | 11 replies
You should really do the research to understand your market before you can trust a software to appropriately set rates for you.
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10 December 2024 | 26 replies
If you have a plan A and a plan B going in you are setting yourself up to fail right away because you have told your minds already it won't work so you won't put your all into plan A.
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10 December 2024 | 5 replies
Approaching it like that would also automatically set an expectation for the owner to pay maintenance expenses.
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16 December 2024 | 35 replies
I tried to set up quickbooks online, but without paying $720 a year for the ability to do class tracking, it seems like it wouldn't be as beneficial.I know there are other tools out there more geared towards real estate like xero, etc, but I'm still trying to avoid paying so much every month.Has anybody used realtyzam or rentalhero (rentalhero.io) they seem to be linked?
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11 December 2024 | 12 replies
Then refinance it in 12 -24 months to take cash out and convert to a full time investment.The other property I would find a Duplex or 3-4 unit in or around Crystal River and set it up as a STR.
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12 December 2024 | 5 replies
Whereas the majority of the existing clients have stayed with you, but the whale client is with the ex-partner leads me to believe that if this heads to any type of judicial setting that no damages would be awarded.