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19 February 2025 | 27 replies
The resources are abundant - spreadsheets, contracts, tangible items to help you succeed.
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4 February 2025 | 6 replies
Manage their properties Provide welcome gifts/ goodie bags for their guests before check in Hauling extra supplies/ misc items to return to stores or other properties--Any other ideas that I can pitch to make myself more marketable?
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4 February 2025 | 5 replies
Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.
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14 February 2025 | 8 replies
However, the tax treatment differs between short-term and long-term rentals:Short-Term Rentals (STRs): If you materially participate (work 100+ hours and more than anyone else on the property), you may be able to offset rental deductions against W-2 or other active income, offering greater tax benefits.Long-Term Rentals (LTRs): If your AGI exceeds $100K, your rental losses may be limited, unless you qualify as a Real Estate Professional (REPS).If you plan to expand your rental portfolio, consider an LLC later for liability protection and easier management.
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5 February 2025 | 28 replies
The item that I hate shopping for the most is dressers, and nothing else comes remotely close.
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1 February 2025 | 14 replies
That's the step I'm on to confirm what I believe are the following key items:1.
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17 February 2025 | 15 replies
Look for a place where you can secure items that you do not want tenants to have access to.
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14 February 2025 | 161 replies
Plumbing, windows, driveway, etc - all big ticket items.
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4 February 2025 | 4 replies
Some special assessments are already board-approved for 2025 and 2026 to help raise capital for such items, however I know when the time comes there will be a loan which likely demands a higher monthly payment for owners -- reducing my cashflow. - Based on sale of other units in the complex, I believe my current equity to be roughly $160,000, a little more than 50% equity. - The condo is currently leased through April 30, 2025. - August 2025 will be 3 years since I moved out.
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28 January 2025 | 7 replies
The money partner leaves $10,000 in the account for any incidentals and we split the profits or the losses 50/50 until we sell in within the next 3 years.