Last week I was chatting at a party with a State Farm agent (not my local agent) who clued me in that State Farm will write commercial policies for STRs, including SFH owned by an individual or trust. 

I'm building 1,000 sq ft cabins that I'm all in at about 350k including the lot and they're worth about 500k to 550k (comps on the smaller ones keep going up actually). 

Purchase price: $32,000 Cash invested: $58,354 Sale price: $105,000 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.

Under F.S. 83.595, landlords have 4 options when a tenant terminates early, one of which includes charging the tenant an early termination fee (no more than 2 months' rent), but if your lease agreement does not provide for liquidated damages upon a tenant's early termination, you have only 3 options as a landlord.

This costs money, which is why application screening is not free.I recommend you include some of your key qualification criteria in the advertisement.

I understand that rental properties are a long-term investment, but it can be tough to keep pouring money into them without ever seeing any of it in my own pocket.I’ve invested over $260K into these houses (not including the 20% I’ll need for my next property), and I haven’t seen any return yet.

Yes, a cost segregation study could help reduce your tax bill by accelerating depreciation on the condos, offsetting income, including the $300k IRA withdrawal.

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You might need to get the lender's clearance or pay off the current mortgage in order to accomplish this.Annual Fees: There are expenses associated with running an LLC every year, including possible franchise taxes and state filing fees.

They can only provide a general liability-only policy through Lloyd's, which doesn't cover the physical structure or contents.If anyone knows of a good insurance provider that offers comprehensive coverage, including protection for the structure itself, I would greatly appreciate your recommendations.