
30 November 2024 | 4 replies
Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).

28 November 2024 | 2 replies
Not sure if I would want one in an STR though with so many parts, not knowing how to use it, potential for mess etcI have an automatic machine that grinds the coffee, packs and dispenses.
28 November 2024 | 3 replies
SFR are very tough, they have potential for certain niches like college rentals or rent by the room strategy.

3 December 2024 | 26 replies
So, at this point Baselane is in deficit and is going after me.By doing all this, Baselane has violated the lease terms and potentially laws of state of MO.

1 December 2024 | 134 replies
.: Quote from @Bruce Woodruff: Quote from @Engelo Rumora: What happened to the good old shoulder barge or accidental door kick hahaI don't ever remember buying a house without getting some eyes on it.I've always found some a back door or window "open" heheIf a neighbor approaches me, "No habla ingles" 😁Yep, I used to drive neighborhoods and look for those deserted looking houses that had potential.

28 November 2024 | 18 replies
It's challenging to distinguish between genuine advice and potential scams in the vast sea of information available online.

28 November 2024 | 10 replies
Potentially Lower Interest Rates: With more collateral backing the loan, lenders may offer lower interest rates, as the risk is spread across multiple assets.3.

28 November 2024 | 9 replies
With regard to your "DST" and as with many highly structured tax vehicles that have a potential "self dealing" quality to them, there are a number of potential potholes you can easily step in along the way (e.g., constructive receipt doctrine, effective control over nominal 3rd party relationships, lack of genuine risk bearing and compliance with transactional terms, etc.).

30 November 2024 | 9 replies
Assessing how critical this location is to their expansion plans is essential.The Investment Considerations Lease Expiry: With five years left on the lease, your strategy should account for potential vacancy risk.

3 December 2024 | 15 replies
The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.