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14 May 2024 | 8 replies
Cabinets: is cabinet stainingĀ something you'd recommend as a DIY?
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17 May 2024 | 25 replies
I have a clean criminal background, and the 3 evictions have all been dismissed.Sadly I heard a realtor(here) make the claim that people who get evicted had to be due to neglect to pay their rent.
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14 May 2024 | 11 replies
G'Day Bob,Not many "true" turnkey companies around anymore and I've seen a trend where investors want to DIY out of state and country.Personally, I think this is an even bigger recipe for disaster than buying turnkey.bBut that's just my opinion.Back in the day you had many "turnkey" companies selling crappy properties in crappy areas for a lot more than market value.Then they pass you on to a 3rd party PM that nickel and dimes you to death.Granted, if you want to DIY I would always advise moving to the market that you want to invest in.Spending enough time with key people needed to make your venture a success.Yep, easier said than done š¤·āāļøIf you DIY from out of state, you will probably find an "investor friendly" agent that will flog you expensive property from the MLS, refer a "good" contractor and then you will most likely also get nickel and dimed by a referredĀ "trustworthy" PM.IMO, you are safer finding a reputable turnkey provider in a market that you want to invest in and go from there.If $#%@ hit's the fan (Which it always does in real estate), at least you have everyone to blame under the same roof.A true turnkey provider will have everything an out of state investor would/want and need under the same roof.No finger pointing is allowed lolI'm bias as we offer turnkey so take my words with a grain of salt.Just happy to offer my 0.2 Aussie cents.Wishing you much success
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14 May 2024 | 2 replies
Long-Term:Ā Appreciation, loan amortization, potential tax benefits,Ā and housing expense savings.I'd say the unexpected benefits of learning property management, deal finding, project management, renovations, and DIY-ing were more impactful than I initially thought.
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16 May 2024 | 8 replies
Make sure when you amend the lease that you include the tenant needs to care for both appliances (ie clean the lint trap after each load) and use appropriate detergents.
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15 May 2024 | 35 replies
Zillow says itās worth over 500k, but there are things wrong with it: The pellet stove needs a new tiny door to work, two sliding doors are off kilter, needs some cleaning and the deck could use painting.
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14 May 2024 | 5 replies
But a house hack is a perfect use case to DIY property management.Ā
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16 May 2024 | 22 replies
My STR and LTR's are all schedule E.Unless you are cooking them breakfast or offering daily cleaning with a turndown service you will be on a schedule E.
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15 May 2024 | 23 replies
No need for any overpriced education, just read books on real estate investing during your down timeĀ (I would recommend the "ABCs or Real Estate Investing" by Ken Mcelroy if you are brand new) and listen to the BP podcast when you're commuting, cleaning, cooking, etc.
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15 May 2024 | 3 replies
We would ask about why they were in town (since we were not a major travel area), and we would decline any suspicious stays (i.e. had someone ask about waiving the cleaning fee because they "were not going to sleep" there with their one night stay.)