
2 October 2024 | 5 replies
Elmo area but can't find much info online about where I can buy and operate.

3 October 2024 | 8 replies
If you are planning to use a DSCR loan, lenders will want to see a valid lease, utility bill, or official document supporting you are living somewhere else.

2 October 2024 | 1 reply
Give them a triple net lease (meaning they pay rent, and they're also responsible for insurance, utilities, and maintenance).

6 October 2024 | 36 replies
Thank you for tip on estimating costs, I tried to estimate about 20% higher than what i could find for pricing online, just in case. but going of your 50% higher estimate on costs, it sounds like a good idea to have a little extra padding on the repairs.

2 October 2024 | 8 replies
You need to investigate and figure it out.If you include utilities with rent, I recommend placing a limit so the tenant is responsible for excess use.

3 October 2024 | 7 replies
Definitely want to utilize prospective tenants directly paying for background and credit reports during the application process.

3 October 2024 | 9 replies
Also, local real estate agents can also be a goldmine for off-market deals since they often hear about them before anyone else.As for property management, researching and looking at online reviews are a good start, but a real insider tip?

2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.

2 October 2024 | 1 reply
Keep saving, learning about the BRRRR strategy, and start networking with local investors or online groups.

3 October 2024 | 11 replies
This way, you’re not at risk of losing all your hard-earned feedback and visibility, which could set you back in the competitive short-term rental market.It's essential to find a PM who can work with you in this setup, as it's a balance between functionality and maintaining your property’s reputation online.