Jordan Laney
PM changed the utilities too early and now we're stuck holding the bag
8 January 2025 | 38 replies
The real issue is that they didn’t have a plan to monitor usage or set up protections to minimize costs during the eviction process.Ideally, the PM could’ve done things like:Limit access to unnecessary areas to reduce power use.Install smart thermostats to keep heat at a safe minimum.Request a utility cap in court during eviction proceedings (if allowed in your area).Bottom line: It’s less about the utility switch itself and more about proactively managing costs once the tenant overstayed.bro what?
Alyssa Dinson
What has been your experience with out of state investing?
16 January 2025 | 78 replies
I have great tenants but my property taxes have increased significantly so my net cash flow each month is reduced.
Michael Darten
Property management managing multiple properties
4 January 2025 | 18 replies
It’s hit and miss, really need to deeply understand what they offer, if they will work for you or against you, whether they sign the lease or you (I prefer me, to reduce that lock jn).
Jessica Kiely
New rental - attracting a qualified tenant
30 December 2024 | 8 replies
If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.I often schedule several viewings at a time, 15 minutes apart.
Alex R.
Southern Impression Homes
14 January 2025 | 27 replies
That is a 3.4% cash on cash return in year one (7903/232000)Year 2, reduce 7903 by 5592 because there won't be property tax break so that is $2311, or 1% c/c return in year 2 (2311/232k)Year 3, reduce the $2311 by $4930 for PM fees for a net loss of -$2619 per year or a -1.1% c/c return in year 3 (-2619/232000)Essentially, these numbers are so far off of pro forma and there is pretty much zero wiggle room on these numbers.
Mike Richards
Deduct from rental income more than one year of Real Estate taxes?
31 December 2024 | 3 replies
If you pay two years' worth of property taxes in 2025 (January and December), both payments are deductible on your 2025 return, potentially reducing your taxable rental income significantly.
Edreco Amos
Looking to get my first long term rental property | How is Miami's market?
29 January 2025 | 23 replies
Many Realtors will suggest purchasing a property using a FHA Loan, to reduce your out of pocket money.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
If your objective is to reduce your own tax burden, you are in essence confirming they have no valid AP claim.
Paul Novak
Small & Mighty Real Estate Investing
21 January 2025 | 14 replies
Here’s a streamlined perspective:Your current approach, putting more down upfront, minimizes risk, increases cash flow faster, and allows you to build equity while reducing overall interest.
Garrett Karnath
How to reduce prepaids/closing costs?
10 December 2024 | 5 replies
That can be used to buy down the mortgage rate or reduce closing costs.