16 July 2024 | 6 replies
Property managers for STRs are typically 25% of your income, you can set it up to be fairly passive if you find a good cleaner and set up your systems.

16 July 2024 | 3 replies
The fair and honest way is to charge her a depreciated value.

14 July 2024 | 4 replies
When they are gambling on a completed project, they want to know a battle tested captain is at or along side the wheel.

17 July 2024 | 9 replies
You can't arbitrarily decide that you don't want to allocate any of the proceeds to the portion of the property that will create Ordinary income recapture (thus can't be included in the installment sale treatment) - it should technically be allocated amongst all the assets in accordance with their fair market value at the time of the sale.

16 July 2024 | 2 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

16 July 2024 | 5 replies
Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

15 July 2024 | 2 replies
It should be a fairly easy process to set that up for the new tenant.

15 July 2024 | 2 replies
Not sure how much research you have done on the area but with the Amtrak being built that will allow travel from Scranton to NYC, I’m fairly certain that gentrification will start taking place before 2030.

15 July 2024 | 5 replies
However, under the "Disparate Impact" legal theory, fair housing issues arise when denying persons with a criminal record involving non-serious offenses and offenses that are remote in time.

17 July 2024 | 20 replies
They know how to handle caregivers and other staff - That means being both firm and fair with the caregivers as they will be actively managing, hiring and (if needed) firing them.