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6 December 2024 | 11 replies
I have landlord insurance but wanted to get an umbrella policy for additional protection.
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7 December 2024 | 9 replies
Go Big (4plex, spend 700k +) or 2.
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4 December 2024 | 4 replies
Most serious and qualified tenants are searching on the major 3rd party platforms you mentioned + realtor.com, redfin, and a few others.Apartments.com & homes.com are owned by the same company and may offer some additional marketing options.Another strategy to consider here is social media - video marketing.
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5 December 2024 | 8 replies
(Be sure to factor in vacancy, PM fees, maintenance, etc in addition to PITI)•Do you have additional reserves to cover unexpected expenses like long than expected vacancies, high turnover costs, or major repairs (e.g., HVAC or roof replacements)?
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3 December 2024 | 21 replies
I will also be tracking expenses related to repairs, maintenance, travel to and from NV, hotel stays, meals, gas, and other regular business costs.In the long term, I aim to purchase additional properties under the business name, but I understand I need to establish at least two years of income and credit history before doing so.The issue I’m encountering is that my accountant has not provided any guidance on how to structure this scenario.
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2 December 2024 | 5 replies
I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.
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3 December 2024 | 3 replies
They're spending tax-payer money, so they'll cut a check without batting an eye.Document condition before and after with photos, inspect regularly, and you should be fine.
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4 December 2024 | 30 replies
I can also tag it by property to easily pull P&L for each property.I am super happy with Baselane and excited to not have to spend so much time on bookkeeping and prepping things manually for my accountant.
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4 December 2024 | 5 replies
I believe the neighborhood has some of the strongest fundamentals in the entire city but its incredibly easy to make the wrong assumptions when investing in Mount Airy if you don't truly know the market and the only way to do this is by spending considerable time in the neighborhood.
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3 December 2024 | 6 replies
I will spend around $5000 - $7000 a year for tax planning and filing.