
31 August 2024 | 18 replies
This way, maintenance, repairs, and taxes are the responsibility of the new owner, while you continue to collect principal and interest, potentially as tax-free income.I'm not a CPA, just a heads-up 😄, but you could possibly avoid capital gains tax with this approach.

29 August 2024 | 6 replies
@Jane AbelYou can deduct the registration fee as continuing education.
31 August 2024 | 10 replies
Until I get back there, I will continue reporting the lawn and trash issue and notify the landlord.

30 August 2024 | 17 replies
I have the same thought process - I will continue to self-manage until it does make sense to spend our time doing it.

30 August 2024 | 9 replies
Dehumidifiers also run continuously if the space they are in is not sealed well.

30 August 2024 | 9 replies
It is becoming extremely unsightly as they continue to build and will eventually bring tourism/desirability down (in my opinion).

4 September 2024 | 84 replies
I hired a PM because I didn't want to be a PMLikewise I hired an ops manager a few years ago to deal with my property managers and other staff so I could continue to do what I do best which is be an investor.

30 August 2024 | 29 replies
That would definitely affect your ability to rent during the winter, if the winters continue to be mild.

31 August 2024 | 14 replies
I know how busy this will be, which is why ideally once we have 3-4 properties, the maintenance of the website, advertising, and property management will become my full time job (my wife will continue to work to provide some steady income during the transition)For your 4 questions - those are all excellent things to look out for and they are things I would not have thought to ask.

29 August 2024 | 1 reply
Very excited to continue to dive into this line of asset collection and hopefully build a great portfolio for myself!