
15 November 2024 | 1 reply
Too many people are scared of townhouses and condos, but you are protected against a lot of the repairs of single-family or multi-family ownership.

14 November 2024 | 25 replies
Thanks,JaredI'd only pursue this if there is an big upside for appreciation, or if you planned on keeping the house forever as a rental.Run the numbers, subtract 15% a year for vacancy and on going maintenance and repairs during each year, subtract 15% per year for maintenance and repairs to get it market ready once you decide to sell it.Example if you were to keep it for 5 years and sell at the end of five years:12x$200=$2400 year gross profit15% for vacancy, maintenance, repairs ($-360.00 per year)= $2040 gross profit per year15% set aside to repair, repaint, replace to get ready to sell on market = $1800 $7000-$8000 net for 5 years of rental.Appreciation over the term you would keep it would be the only incentive, and it could be a big reason why to rent it.

15 November 2024 | 7 replies
You can use Quickbooks and have an account for each LLC (best quality/ease of use software, but most expensive) or WaveApps.As for CC it is somewhat personal decision.

14 November 2024 | 6 replies
However, professional remediation is essential for quality results, complete documentation, and assurance that the job meets industry standards.

15 November 2024 | 10 replies
Of course you have your own guys, so that saves you a lot in labor, as I’m assuming you’re getting decent quality for good prices paying them direct.

18 November 2024 | 12 replies
The more you know about what is involved in renovations and repairs, the better suited you will be to take on any project.But, real estate is capital intensive.

16 November 2024 | 6 replies
How much will be due in repairs over the next five years?

13 November 2024 | 8 replies
If the HVAC goes out the warranty will pick up the repair and/or replacement.

14 November 2024 | 9 replies
Yes, I would contact the pest control company and demand they pay the cost of repairing this.

12 November 2024 | 2 replies
I didn't find any challenge finding quality tenants by posting on FB marketplace, roomster, roomies, basically all of the websites.