It is an easy industry to break into but a hard industry to actually succeed at because of this low barrier to entry.

So instead of 24 bieeekly payments so you may end up with 26 and a little more cash at the end of the year if you’re breaking a monthly payment into biweekly.

To become a successful real estate investor, learn through books, find a mentor, start small, diversify, set clear goals, stay financially prudent, obtain a real estate license, encourage persistence, take breaks, and celebrate small wins.

Hey everyone! My name is Skie Lewis-Hernandez and I am a Tampa based Realtor! I have been deepening my knowledge on investing as well as working with Investors, I'm excited to see how BP helps me as well as my busines...

If they leave by July 31, you won't charge them to break the lease. 

This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

In this market, I'm really struggling with getting a new deal to pencil without a 25%+ downpayment.I have a new STR property that I expect to basically break-even on in terms of both cash and NOI over the next few years.

If you had switched the insurance, then your lender would be notified.So what happens when the tenant breaks their leg, and starts suing.

Tell squatter the judgement will wreck his credit (he probably has bad credit if he's doing this break and enter hold you hostage).

A feather breaks the glass facade now.