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11 December 2024 | 6 replies
So if you have one unit advertised for rent on 6/1, another on 8/1, and another on 10/1, this will affect the depreciation % on the tax return.Repair vs capex: capex would typically include all costs prior to the property being placed in service INCLUDING mortgage interest, insurance, property taxes, utilities, etc.
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5 December 2024 | 10 replies
I have not looked at apartments, but the condos I have researched have a minimum 30-day lease requirement, so be aware of that.One concern I have with short-term rentals is that they are dependent upon tourism.
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16 December 2024 | 1 reply
In each category, note how much you are bothered or stressed on a 1 to 5 scale, with 1 = not bothered at all and 5 = stressed out: Pain Points Stress1 to 5 Pain Points Stress1 to 5 Unit turnover Exterior maintenance Advertising for available units Deferred capital expenditures Tenant screening rules Plumbing or electrical emergencies Tenant selection / discrimination rules Mortgage payments Documenting move-in conditions Bookkeeping and bill paying Documenting ongoing conditions Taxes and insurance premiums Dealing with tenant complaints Risk of late payments or non-payments Dealing with neighbor complaints Risk of property damage or vandalism Mold, termites and rodents Premises liability Interior maintenance Evicting tenants If your completed table has mostly 1s and 2s, then congratulations—you are a happy landlord!
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12 December 2024 | 10 replies
Im back on bigger pockets after a long hiatus; trying to start up a STR from a owner occupied 2 family home with intent to advertise on furnished finder.
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5 December 2024 | 13 replies
Although the Burnt Store areas are seeing somewhat sustainable demand for owner-occupied properties, we're currently still not seeing enough support for activities that would draw tourism into that area.
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12 December 2024 | 5 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
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17 December 2024 | 13 replies
For his coaching he advertises that his coaches are paying members who are independent contractors & not employed by REtipster & that you are encouraged to evaluate them & determine their suitability for your needs.
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11 December 2024 | 6 replies
@Grayson Chao look up WAREI on Facebook as that is a big active group of local investors and a number of meetups get advertised there.
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19 December 2024 | 13 replies
I do believe we are superior though, just the market and economy are definitely wider than what's advertised.