Hamidou Keita
Seeking Advice on House Hacking Strategy: Buying Single-Family Home to Build Duplex i
5 January 2025 | 24 replies
This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.
Jerry Zigounakis
First STR Advice
28 January 2025 | 10 replies
Outside of aesthetics, make sure you have cleaners, maintenance and turnaround worked out so you go in with a solid plan.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
Keagan Scott
STR's in Gary Indiana
28 January 2025 | 1 reply
Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."
Chris Seveney
Getting A Deed In Lieu at closing to store away
29 January 2025 | 21 replies
In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing.
Kimberly Venable
A little about me
27 January 2025 | 11 replies
You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.
Jonathan Small
Single-Family vs. Duplex: Which is the Right Investment for YOU?
16 January 2025 | 3 replies
Additonally house tenants take care of lawn maintenance and snow removal, and pay all utilitites.
Anderson S.
Stay Ahead of the Curve: Navigating Rental Market Regulations
22 January 2025 | 0 replies
Here’s how you can stay informed and ensure your rental properties meet all legal requirements.1.
David Treat
Real Estate Future for 2025
24 January 2025 | 4 replies
Depending on how it is done and what guarantees the government offers and requires of the released entities, interest rates could move slightly higher.