Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.
John Marchefka
Rehabbing land INSTEAD of houses??
10 January 2025 | 13 replies
Since downtown development land goes for $30 million/acre, $100k imposed by the progressive city government for a 40 story building permit is a minor annoyance.
Ajit Singh
New Member - Serious Investor - ISO of a Mentor
6 January 2025 | 5 replies
Learning is great and having guidance can expedite and often saves unnecessary heartache.
Steven Catudal
Increase in property taxes
4 January 2025 | 11 replies
If they do, then you can likely find another tenant for that amount fairly easily, as I would assume the entire town's taxes are up- so if someone really wanted to be in town, that price is the new normal.If your taxes increased that substantially in a C neighborhood, your tenants would way more likely give push back for that type of increase- even though you're not being greedy, you're just imposing the same raise you were given.Often the buyer who had the "well, the numbers are better" mentality is only looking at year 1.
Chris Kay
True VA Loan Occupancy Rules (Is There Really a Length Requirement?)
26 December 2024 | 1 reply
If you’re working with VA-savvy lenders who are comfortable with your plan and don’t impose stricter rules, you might be able to rinse and repeat as you described.
Steffany Boldrini
Seeking Advice: Issues with Jenny Yi, an STR Designer
4 January 2025 | 20 replies
I'm not sure why this caused such a reaction, but I can say the language above is completely unnecessary and out of order on this forum.
Pierre E.
300k average profit on a flip - is that real?
28 December 2024 | 7 replies
Even on here, I hear some of the most azz backwards advice with many alluding to things as being imposable where I know several people who do it.
Dan Ermolovich
Eviction Issue - Out of state investor
29 December 2024 | 5 replies
That experience taught me the importance of leaning on local expertise, even if it feels like an unnecessary expense at first.One strategy I’ve seen work occasionally is offering the tenant a “cash for keys” deal, where you pay them a small amount to vacate voluntarily.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
Mediators cannot impose binding decisions.
Jorge Caceres
Utilities included worth the risk?
7 January 2025 | 28 replies
Some amenities are crucial and obvious (pots and pans, plates, linens, good Wi-Fi), some are unnecessary and obviously so (personal movie theater with arcade game room), but the trickier amenities lie in the 2 middle zones.What are some necessary amenities that you might overlook?