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Buy This, Not That: 4 Best Materials to Fix Up Rental Property Bathrooms
24 December 2024 | 2 replies
Turning on the fan will also help eliminate bathroom odors and odors from harmful bathroom cleaning chemicals.Pro tip: Add cleaning the exhaust fan on your cleaning crew’s checklist during turnover.
Joel Oh
salt water hot tub
13 January 2025 | 23 replies
It does eliminate the need to add chlorine but the chlorinators (Pentair IntelliChlor) have a fairly short lifespan.
Alejandro Ortiz
Starting My Real Estate Journey—Eager to Learn, Grow, and Collaborate
3 January 2025 | 2 replies
This coming year set the goal of getting more committed to learn and expand my knowledge to avoid previous mistakes taken as well as to be able to effectively continue to expand my portfolio.I’m here to connect with others who are also passionate about real estate, and I’m eager to learn from your experiences, insights, and advice.
Graham Lemly
Financing Strategies for house I want - Hard Money, Rehab or Conventional?
4 January 2025 | 1 reply
Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?
Tyler Davis
QuickBooks Plan for Managing Rental Properties
7 January 2025 | 3 replies
I started with the Simple Start plan, but as I learn more about the software, I realize that to effectively classify income and expenses per unit, I need to use Classes and Locations, which are only available on the higher-tier plans.I’ve seen suggestions to use units as customers as a workaround, but I’m curious if anyone else has tried this approach or has recommendations for managing multiple units in QuickBooks with the Simple Start plan.Looking forward to your feedback!
Diandre Pierce
DSCR lending expert
20 January 2025 | 23 replies
This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.
Ronit Lodd
Best Property Management Software to Scale to 10+ STR Listings? + Direct Bookings
21 January 2025 | 9 replies
It has good integration, is cost effective, and the direct booking feature is pretty good!
Edward Toomey V
5 months using RentRedi and I HATE it
19 January 2025 | 55 replies
Stessa is not perfect but I like the capability, love the %5 interest rate on my associate account and have found the support honest and effective.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
In effect, earnest money is just paying more of the down payment and closing costs upfront.”Keep in mind, this isn’t required, and it doesn’t guarantee your offer will be accepted.
Sebastian Nadal
Screening for a roommate for the first time
7 January 2025 | 6 replies
@Sebastian NadalI've used Zillow Rental Manager to screen my tenants and have found it effective.