Errol Graham
Accounting and Management tools for Landlords
3 November 2024 | 15 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Emily Mohr
Best all-in-one property management and accounting software
31 October 2024 | 7 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Max G.
Which MLS to choose?
29 October 2024 | 4 replies
If you are going to also conduct business in the outer boroughs, Long Island, Westchester and Rockland, then you'd need HGAR.
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.
Alonzo Moreland
Ending a month to month lease with a problem tenant
31 October 2024 | 9 replies
I would conduct an inspection, determine the cause, and make the repair.You shouldn't keep tenants who habitually pay late, but there are various factors to think about and I can't go into all of them.
Robert Burns
Buy, Fix and Flip REO Properties
28 October 2024 | 2 replies
Conduct thorough due diligence since REOs are often sold as-is with potential issues.
Alissa Wylie
Anyone done a California Auction
28 October 2024 | 7 replies
The bill states the Auction house conducting the sell can not start the Auction below 67% of value of the property.
Mark Kelley
How to warn future landlords / LPs about a tenant / GP
1 November 2024 | 18 replies
He didn't even acknowledge a blistering letter from the PM in which she documented that the tenant's aggression and a threat from his spouse on the final day made her feel unsafe to press for and conduct a walk through, which the tenant had been putting off.
Julio Gonzalez
The Short- Term Rental Loophole Explained
31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
Rajagopalarao Paidi
Can I purchase a house with Foundation issues for Flip
27 October 2024 | 6 replies
Quote from @Rajagopalarao Paidi: How much value goes down for a house with foundation issues, found a house for FixNFlip, they mentioned it has foundation issues and they got them fixed, but whats the value reduction from market price , How safe it is to purchase house like these Not safe at all unless you have an INDEPENDENT inspector who really knows foundation issues gets all the documentation from the seller and talks to the seller’s contractor and then conducts his own inspection of the foundation, house, and surrounding lot.