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23 January 2025 | 5 replies
As expected, consulting with your CPA and the qualified intermediary (QI) handling the exchange is best advised.
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16 January 2025 | 6 replies
After pointing this out, I would have expected the cost to be eaten by them.
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18 January 2025 | 16 replies
For longer stays, you can set expectations in your listing by clarifying that guests are responsible for restocking once the provided items are used up.
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5 February 2025 | 14 replies
For your part, it might seem like a free roll of the dice to go to court, but there are surprises and landmines along the way, litigation always takes far longer than anybody expects, and the time and emotional expense of fooling with litigation are energy drains on more productive endeavors.
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21 January 2025 | 3 replies
Angel investors might be interested, but you'll likely have to give up a portion of the ownership or future profits, and there could be potential complications in managing the investor's expectations and involvement.
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21 January 2025 | 10 replies
However, hauling away a truckload of items and cleaning beyond standard expectations could reasonably be charged to the tenant, as it goes beyond normal use.Goodwill Gesture: Since this tenant was great for 5.5 years—paying on time and caring for the property—you might consider waiving part of the cleaning cost as a goodwill gesture.
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24 December 2024 | 25 replies
I expect the economy to recover quickly under new leadership.
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27 January 2025 | 4 replies
Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.
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14 January 2025 | 3 replies
Also:_________________________________________________________________________Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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21 January 2025 | 3 replies
Rental Market Trends: Is this zip code trending positively for investors looking for cash flow, or should I expect stagnant rents and challenges with appreciation?