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30 October 2024 | 18 replies
The company has a points-based system, where members receive a certain amount annually, and they can then bank those points for up to a year and use them to reserve time at various resorts around the world.I have been dragooned into assisting them with defraying timeshare costs by trying to figure out how to rent out the unused points so that they don't go to waste, before I dive into this myself, I wanted to find out if anyone else has experience with vacation rentals with this set-up.
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30 October 2024 | 11 replies
If talking to more builders does not work out to join you on transaction #1+ and you have enough capital and heavy rehab experience along with a GC / builder doing the project many lenders out there will offer you a lower leverage loan for your first project on your own. 60% finished value and 75% LTC is probably achievable without a builder in your company for the loan.
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23 October 2024 | 6 replies
@Shaun Hunt I don't think you need to start a company at this point.
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1 November 2024 | 17 replies
Worst case scenario, if you wanted to go with another lender, you can have the appraisal transferred, typically as long as it was ordered through an Appraisal Management Company.
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31 October 2024 | 8 replies
Hey @Clint Kelly, I was going to recommend something like BuilderTrend but from what you've said, QuickBooks Online (QBO_ does exactly what you need.The key here is you need an REI-savvy bookkeeping professional since you stated your current bookkeeper is dropping the ball.What you want is super easy to accomplish for a flipping company using QBO.We have Clients who flip close to 100 properties/year and everything is super organized for each property using QBO.It's the operator, not the software in this case.Hope that helps!
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29 October 2024 | 2 replies
I would use cleaning services but it's my understanding I could use more than one company over the course of the year to limit how many hours one company spends on it.I'm looking into a utilitarian STR more for business travelers, so this won't be one where everything is perfect, it's bound to accumulate wear and tear I think.The STR would be out of state, but I plan to travel there for probably two weeks a year where I would perform many repairs myself.
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29 October 2024 | 21 replies
Equity Trust Company is a directed custodian and does not provide tax, legal or investment advice.
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30 October 2024 | 12 replies
I currently live out of state so I couldn't just go to florida to check out the property.I’ve contacted Rent to Retirement and my credit card company to dispute the charges.
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29 October 2024 | 9 replies
I was wondering if the PM company can change the settings in the Buildium portal so it sends out monthly owner statements automatically to the owners instead of the owner going in the portal and downloading it manually every month.I spoke to Buildium customer service, they said, there is not a feature like that which I find amusing.
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23 October 2024 | 7 replies
We would only plan to manage our own properties.Would there be any tax advantages, or any other benefits, to starting our own property management company?