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29 July 2024 | 10 replies
If the tenants are being picky, it is also possible that they are being picky because of the shortcomings of the PM so they may not be able to (understandably) trust that the unit and carpets were actually cleaned.
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29 July 2024 | 0 replies
Cost segregation is not just a short-term relief from taxes, it can be a powerful tool used to optimize your portfolio.WHAT IS A COST SEGREGATION STUDY?
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29 July 2024 | 6 replies
It’s currently a mess but the f/c will clean it up.
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28 July 2024 | 8 replies
Finally closed on my house in Jacksonville, Fl.I ended up giving Power of Attorney to my brother and having him sign for me.I would advise others to have their POA setup prior to leaving the US as I had to go to the US Embassy in Bangkok to have the POA papers notarized.
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29 July 2024 | 8 replies
@Derrek J HooymanI'd personally wait til after the tenant moves out again so that you have a clean slate to work from.I feel like value add recommendations have to come from you or your realtor...aka someone who has seen the property and ran the numbers.
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28 July 2024 | 6 replies
Add charges for rent for the remaining months, estimated utilities, estimated cleaning and repairs and cost to re-rent (in our case: cost to PM is 1/2 a month's rent).
29 July 2024 | 8 replies
I purchased rentals that are all clean BRRRRs and meet the 1% rule then grew my portfolio to over seven figures.
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28 July 2024 | 0 replies
Junked it out, cleaned up landscaping, drywall repair, texture, paint, new interior doors and trim, new waterheater, new floors in kitchen. some new floors, countertops, new roof, painting cabinets.
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28 July 2024 | 7 replies
The tank had to be inspected and cleaned as oil dries in an empty tank and clog the pipes and furnace.We had the tank auto refilled, the oil company sends me the bill, and I in turn bill the tenant.
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29 July 2024 | 9 replies
It sounds like you might already be aware of this, but the only time you can put a rental property on a Schedule C is if you provide those "hotel-like hospitality services" that you mentioned, which means things like not just cleaning between guests, but daily cleanings during guest stays, and/or providing them with things like meals or entertainment during their stay.