Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
A lot of what you're paying for is free / reduced with Baselane.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
Framing your position as fair such as explaining the difficulty of finding renters during off-peak months - might help maintain a positive relationship and reduce risks of property damage.Prepare for What’s NextEven if the tenant moves out early, ensure you’re protected.
James Jones
New Investor Scaling Through Care Homes and Assisted Living
20 January 2025 | 10 replies
When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.
Taylor McClure
I’ve heard of buying pre-foreclosures, anyone have experience?
15 January 2025 | 8 replies
Hi, pre foreclosure in all of its permutations, before the bank sends Notice of Default (NOD) or efter which is state even county dependant but often starts a 4 week clock till the trustee auction are the 2nd most difficult deal scenario and IMHO only experienced investors should bother, the 1st most difficult deal scenario are bidding at the court house steps on lord only knows what is being auctioned off sometimes even 2nd mortgages, you need to do so much home work to attempt to reduce your risk at the court house steps...Pre foreclosure no one talks about these issues, always about the nice sounding stuff like "motivated seller" get a good deal etc etc both are usually not the case.- 95% of folks in pre or post NOD want to stay in their house, keep their house inspite of them 100% will loose the house at the auction.
Nick Am
Setting up a management S-corp for managing rental property owned by an LLC
23 January 2025 | 16 replies
Especially as it relates to being able to rollover IRAs and old 401k money into a Solo401k.Self employment allows you to contribute large amounts to Solo401k to reduce FICA taxes.
Emily Shin
New in real estate
29 January 2025 | 22 replies
Investing in multifamily properties offers steady cash flow, diversification, as multiple tenants reduce vacancy risks and provide consistent income.
Arron Paulino
Potential Garage ADU
6 January 2025 | 5 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
Chris Magistrado
Digging Into the Justice Department’s Lawsuit Against Major Landlords
12 January 2025 | 8 replies
Reduced competition and higher prices for renters.RealPage, of course, denies this.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
., retirees, dual-income households, or tenants relocating for work) may reduce risk.Stay Up to Date on Landlord-Tenant Laws: Understanding your rights and obligations can help you navigate issues more effectively if they arise.That said, if the potential risks are keeping you up at night and the financial pressure of an eviction would be too much, selling may still be the best option for peace of mind.
Jason Burkart
Gift money for family or buy a rental for family?
27 January 2025 | 9 replies
Renting at FMV allows you to deduct mortgage interest, property taxes, repairs, HOA fees, and depreciation against your W-2 income, potentially reducing your overall tax liability.