Ben Scott
Group renters insurance policy for multiple doors
31 October 2024 | 4 replies
Great thanks @Michael Smythe, in your experience can you itemize the tenants that have the Resident Benefit Package?
James Brand
Accountant/CPA who is Stessa savvy?!?
31 October 2024 | 10 replies
As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!
Alicia Kuluris
Partnership After All the Work is Done and Home is Making a profit
2 November 2024 | 22 replies
What you’re describing does not sound like a short term partnership/relationship.I felt like I needed to bring this up proceeded at your own discretion.
Andrew Syrios
Charging a Monthly Maintenance Fee
29 October 2024 | 13 replies
We implemented a similar program and called it an 'Owners Benefits Package,' but it didn’t go over well, so we eventually phased it out.
Sean Conroy
Inherited Property - Strategy Question
1 November 2024 | 9 replies
I would at least get the permit to build as many units as possible.Then, you can decide to either build, package the whole deal to sell and roll the equity into something else, or refinance and buy something else.
Dave Vona
Is SFR investing worth the return? An IRR analysis
8 November 2024 | 22 replies
The more hands off you become in single family rentals, the more they start to look like syndications, i.e. trusting wholesalers or realtors to send you deals, buying based off their packages, hiring management companies and trusting them to do everything correctly, etc.
Jimmy Sont
Loan Company made a mistake, what to do?
26 October 2024 | 7 replies
Most loan packages include something you sign that says that you will cooperate with them to correct any technical errors like this and I believe it also includes the ability for them to sign for you if you don't but obviously they prefer to have clean paperwork where you have signed it.
H. Jack Miller
Beware of Appraisals: I would not at face value, some of them are a joke.
4 November 2024 | 33 replies
I see it also with our single family rental properties, sometimes we refi a package and they are all finished to the same standard, they are very similar, sometimes on the same street.
Kenji Tominaga
Pending closing the deal due to the current tenant not leaving
28 October 2024 | 23 replies
I'm currently in the process of closing my first primary residence deal in NYC, and I would like to ask for a piece of advice to the community.The current tenant of the Seller failed to move out by the closing date and the Seller decided to take a legal vacating process.Background- The current tenant of the Seller failed to move out by the closing date and I heard the tenant is avoiding direct communications with the Seller- Not sure from my end if the tenant is willing to moving out but struggling, or maliciously squatting- I have a vacancy contingency in the contract, thus I can back out at my discretion due to this issue, but currently there is no other properties that I want to move on to due to the market condition- The Seller is trying to take a legal action but it will at least take 3 months or longer, no promise to succeedAdvice to ask- My attorney could not negotiate to ask for a penalty for this delay because the penalty for delay was not included in the contract.
Joseph Shuster
Negative Cashflow - STR
28 October 2024 | 46 replies
Can your cleaners handle more workload such as adding revenue generating packages?