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2 October 2024 | 16 replies
If so, plug your address in there and see what the comparable properties are doing.In my opinion, Airbnb is a professionals game now.
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1 October 2024 | 4 replies
Croix and have establish a great rapport with couple RE agents.
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3 October 2024 | 7 replies
Most of them now have some sister entity established so they can collect premiums and then file bankruptcy and leave when events occur.
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2 October 2024 | 1 reply
You’re way ahead of the game.
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2 October 2024 | 6 replies
However, ensure that your decision does not violate any anti-discrimination laws or local ordinances.Make sure that:The records are accurate and pertain to the applicant.You have established written criteria for tenant screening, which should include reasons for denial such as prior evictions, judgments, or debt-related issues.
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1 October 2024 | 1 reply
A dwelling unit does not include a unit in a hotel, motel, or other establishment in which more than 50% of the units are used on a transient basis.”)Benefits of a Cost Segregation StudyCapturing depreciation on STR property begins with a cost segregation strategy to maximize deductions.
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2 October 2024 | 7 replies
Try to become a property manager for an established firm.
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2 October 2024 | 2 replies
Ask how they handle routine maintenance and emergencies and whether they have established relationships with cost-effective and reliable vendors.By focusing on these critical factors, you’ll be in a solid position to hire a property manager who can take the stress out of managing your rental property while helping you maximize your investment.If anyone has more specific questions, feel free to ask—I am happy to share more detailed advice!
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3 October 2024 | 4 replies
Because two things: first, if you can't save enough money to make a down payment on an investment property, you shouldn't even be in this game, and second you are going to need cash reserves to cover the infinity of things that can go wrong on a rental, which means you should already have some free cash flow coming in from somewhere to account for that before you even rent the place out.
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1 October 2024 | 5 replies
HOWEVER, for 1-4 unit properties comparable sales is the predominant method appraisers use to establish value not income.