Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
It’s astounding how many fake documents are circulating today—you can find everything from fake references and stolen Social Security numbers to falsified income documents.To combat this, we rely on tools like Plaid, Verifast, and Snappt, which are excellent for verifying financial information and detecting fraudulent activity.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
This will be for my excellent service as a landlord.Just like a restaurant does when you have a party of 8 or more - they add a mandatory tip.Doubt there will be any laws against this, at least initially.
Chris Seveney
What is the Best Way to Grow as a Private Lender
13 January 2025 | 15 replies
I would think a significant focus on marketing to fill the funnel would be needed to keep the volume coming.Again, I can't share from experience but $60M/year isn't a one man show using Excel.
Keegan Felix
Full time working mom of 3 in my 40's with 8K to invest
9 January 2025 | 21 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.
Jeffery Jones
Section 8 properties
8 January 2025 | 11 replies
My takeaway after more than a decade of experience is that Section 8 can be an excellent way to diversify your portfolio, but I wouldn’t recommend relying on it exclusively.If you have any questions or want to dive deeper into the specifics, feel free to reach out.
Rene Hosman
What do you consider a "good" cash flow for a property in 2024?
7 January 2025 | 22 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
Rene Hosman
How much time do you spend prepping for taxes?
14 January 2025 | 28 replies
We have a VA so she does all the tagging and I ask her to export it from Baselane, into excel, then I review it and give comments.Going Digital: Scanning and storing my receipts in real time saves me from searching for that one $17 plumbing supply receipt.
Tiffany Palaskas
Sell or keep income producing duplex
31 January 2025 | 48 replies
You will never see 2.25% again, 1600 a month on 150-200k in equity is an excellent return.
Garrett Brown
This ONE Change Can Boost Your Airbnb Ranking
31 January 2025 | 27 replies
Excellent overview of the power of professional and creative photography... and how the bar will continue to be raised.
Thanh Lu
For owners, self management vs hiring a vacation rental company?
31 January 2025 | 19 replies
Not only can they handle risk management, but they also excel in marketing, optimizing the guest experience (leading to positive reviews and referrals), and leveraging technology such as booking platforms and pricing tools.