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13 January 2025 | 23 replies
According to the sales person, I don't need to handle PH level, adding chlorine or even changing water due to sodium level they maintain.
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1 February 2025 | 56 replies
Quote from @Stuart Udis: The riskiest strategy will be whichever new investment strategy the gurus come up with next to maintain a captive audience...can't wait to see what these creative minds come up with next.I don’t know what the next BIG STRATEGY gurus will come up with, but I do know it will include the following1.
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13 January 2025 | 6 replies
This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.
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18 January 2025 | 16 replies
Focus on undervalued properties, prioritize high-ROI renovations, and refinance to pull equity for future deals while maintaining 20-25% equity.
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14 January 2025 | 9 replies
How many weekends do you want to drive up north to find, purchase, setup and maintain an STR?
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15 January 2025 | 12 replies
STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.
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5 February 2025 | 35 replies
This concerns me about the potential to maintain a solid tenant base and would likely cause a higher vacancy factor.
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12 January 2025 | 12 replies
Principal Paydown: $2,441 Total Gain: $58,317 ROI: 360.32% (on $16,185 upfront investment: 3.5% down payment of $8,715 + 3% closing costs of $7,470).Year 2 Analysis Cash Flow: -$752 Home Appreciation: $6,120 Principal Paydown: $2,617 Total Gain: $7,985 ROI: 49.34%.Year 3 Analysis Cash Flow: -$375 Home Appreciation: $6,242 Principal Paydown: $2,806 Total Gain: $8,674 ROI: 53.59%.Year 4 Analysis Cash Flow: $9 Home Appreciation: $6,367 Principal Paydown: $3,009 Total Gain: $9,386 ROI: 57.99%.Based on these numbers, you’d have negative cash flow for the first three years and only break even in Year 4, assuming a 2.5% annual rent increase.Adjusted Scenario see second picture: Landlord Covers Gas and WaterIn the second scenario, I assumed the landlord would pay for gas and water at $300/month while maintaining the same 2% home appreciation rate.
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16 January 2025 | 7 replies
No one's perfect and honest mistakes happen and a PMC often needs guidance as to what level an owners wants to maintain their property.Wasn't trying to solicit your business,so I'll respond via DM about the rest of your questions:)
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11 January 2025 | 14 replies
However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.