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11 January 2025 | 15 replies
We give good tenants one free pass on issues. #1 is probably flushing "flushabe wipes" and female products.
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25 January 2025 | 18 replies
Always ask tenants to check to make sure it is locked.Another disadvantage is that you have to change the batteries regularly.Another disadvantage is you have to spend quite some time programming the locks and tracking the code3.
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16 January 2025 | 1 reply
From sourcing turnkey rental properties to finding long-term residents, and comprehensive property management, our expert team offers a full-service solution for a truly stress-free investing experience.
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17 January 2025 | 2 replies
You can determine if the cost segregation study makes sense by speaking with your accountant and many cost segregation professionals offer a free analysis.
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17 January 2025 | 9 replies
A Property Manager can also assist with understanding local regulations and the practical aspects of property management, ensuring you make a well-informed decision.Feel free to share more about your specific needs.
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16 January 2025 | 3 replies
And don’t sleep on local banks or credit unions—they sometimes offer flexible portfolio loans that could work for a deal like this.Since your wife qualifies as a first-time homebuyer, check out any state-specific programs or HUD options for down payment assistance.
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21 January 2025 | 5 replies
This keeps them motivated.Clear Contracts: Make sure your contracts have deadlines and penalties for delays.Regular Check-Ins: Visit the site often to catch issues early and keep things on track.Scaling UpMultiple Contractors: Work with more than one contractor to avoid delays.
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16 January 2025 | 2 replies
You have used home equity lines of credit to purchase investment rentals and want to know the best way to pay down the HELOCs.Between the two properties you bought, after expenses, you have $250 a month positive cashflow to use.What I like to do is pay down some principal every month with my positive cashflow.I use my extra active income from real estate commissions helping other investors to pay down the principal even more which just frees up that credit for me to use again.I know I can refinance the HELOC debt before it changes to principal and interest as it is just interest only payments as yours are.One difference is the cashflow, I have greater positive cashflow and could make the principal and interest payment in the future with the extra cashflow I already enjoy.I always get HELOCs on my income properties as well after purchasing them to pull out as much of my downpayment as possible.
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15 January 2025 | 7 replies
We also offered to help them find new housing, relocate them for free and help in any other way we could.