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21 November 2024 | 10 replies
Quote from @Karl Kauper: In my 20+ years as a landlord in three different states, it’s my experience that the owner can screen more effectively and find tenants way more quickly.
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20 November 2024 | 27 replies
Quote from @Suresh Patibandla: Have used facebook marketplace and it was helpfull and quick as i can easily get an idea of prospect tenant looking at the profile.
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21 November 2024 | 9 replies
I had the PM get in touch with the contractor and he addressed the "issues" fairly quickly.
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21 November 2024 | 12 replies
As long as you have some residential areas where RVs and Boats are a pain to park or not allowed at all you will have customers.
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20 November 2024 | 5 replies
The sellers were under agreement with another buyer who pulled out when Helene came through (even though the restaurant suffered no damage), so they are looking to close quickly (end of year) and retire.
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21 November 2024 | 9 replies
I don't but they will tell you pretty quick if they insure there or not.I've never heard of Elmsure.
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22 November 2024 | 7 replies
Here's a quick overview of the process:Highest and Best Use: Start by evaluating the land’s potential.
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19 November 2024 | 23 replies
The forums are full of self-managing landlords who make little mistakes that turn into big mistakes that cost them years of cash flow (or more).If you want to be a DIY landlord, I recommend books, blogs, classes, or other resources to educate yourself quickly.
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20 November 2024 | 1 reply
Do you guys use quick books or google doc sheets ?
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18 November 2024 | 47 replies
It works like this:(1) Save up enough money for a down payment(2) Buy a single family home that you will Airbnb/VRBO(3) Ensure the “average period of customer use” is <=7 days(4) Materially participate (5) Cost segregate the property, resulting in large depreciation deductions(6) Use the losses from step 5 to offset your W2 incomeWhat makes this possible is that operating an STR is considered “non-passive.”