Jeff Sullivan
Dothan Alabama New Investor
20 October 2024 | 35 replies
Interestingly all were held by some type of LLC and a few were held by the same LLC.
Tyler Bilinovic
How important is getting an account for tax purposes when entering long term rentals
23 October 2024 | 15 replies
I have 4 properties and I'm getting a CPA for 2024 since I sold one (that was the 5th property) but I held it for less than a year, sort of like a did a bad flip but I did intend to rent it out (very long story).I'm guessing the OP has two single family rentals and not some large apartment complex, if OP is still there.
Cindy Joseph
First time land lord- need advice on rent/income ratio and let fee
23 October 2024 | 7 replies
Technically the tenant could contact escrow and instruct them to stop making payments, but the money would then be held by escrow until both parties agreed upon forward action or a court ordered action.
Lance Turner
LTR with an STR ADU
23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
Gregory Schwartz
DTI: How do different loans effect the debt side of DTI
18 October 2024 | 8 replies
Depending on how your properties are held will depend on what (if any) percentage needs to be counted.
Lia Veit
New investor looking for advice
23 October 2024 | 22 replies
They saved money, bought a home in a neighborhood they believed in, and held on.
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
In fact, the true wholesaler should NOT be licensed, as they shouldn’t want to be held to any “agent” standard; they should just want to be a PARTY to the transaction.
Gordon Burwell
Family equity pitfalls and consequences?
17 October 2024 | 6 replies
To answer your question about the downside or risks - there might be an existing or a possible lawsuit and you would need to be held liable for 50% of it.
Mel Smith
Pending sale with lis pendens
17 October 2024 | 3 replies
I'm feeling bullied and as if I'm being held hostage and am not sure what I can legally do.
Brian Goff
LLC Question regarding ownership and income reporting.
18 October 2024 | 3 replies
I have an LLC structure, but I own a rental held in my personal name.