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1 October 2024 | 2 replies
With historical vacancy factored in, that will likely be more like $143,000 rent topline, not including seasonal A/C surcharge revenue, plus about $1,520 in laundry revenue.Expenses: Total operating expenses are running about $59,200, before depreciation or mortgage expense, and not including the offsite property manager role (me doing screening, etc).
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27 September 2024 | 9 replies
That wouldn't be a defect because the house was built before central air existed according to normal and customary designs of the time.
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2 October 2024 | 24 replies
This is not true of properly-designed, maximum over-funded life insurance policies.
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2 October 2024 | 48 replies
Thank youList on both, it's a probability equation- simple as that.Outside of that % depends on area and many other factors regarding air v.
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30 September 2024 | 8 replies
Having been in the lending space for a while now, Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA.
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7 October 2024 | 190 replies
Which has been designed this way and is working to get adoption by the banks to replace the SWIFT system, which is dreadfully inefficient.
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27 September 2024 | 13 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
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28 September 2024 | 8 replies
There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.
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26 September 2024 | 17 replies
Nowadays, design is so advanced you'd often not even know it's built to be accessible.
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3 October 2024 | 46 replies
CRS is certified residential specialist and it’s the highest designation a residential agent can get.