Stefhan Malherbe
Selling my property as a Short Term Rental business
1 January 2025 | 7 replies
The bottom line is that past performance is no indication of future returns.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Willie J Baxter
Creative financing tips?
9 January 2025 | 3 replies
Also, if the property doesn’t cash flow or cash flows poorly as your summary indicates, coming up with a creative financing strategy that allows for greater cash flow doesn’t necessarily make it a good purchase or investment.
Hai Le
Vacating unit at end of lease
2 January 2025 | 1 reply
A quick google search of your state indicates the following regaridng timeline to give notice:30 daysFor tenants who have lived in the property for less than one year, or have a lease for less than one year60 daysFor tenants who have lived in the property for more than one year but less than two years, or have a lease for more than one year but less than two years90 daysFor tenants who have lived in the property for more than two years, or have a lease for at least two yearsI'd definitely touch base with an eviction attorney in your state to ensure you are not missing any steps and to have the attorney as a backup option in case the tenant does not vacate easily.
Penny Wilkinson
Looking to sell a duplex but having trouble determining value
16 January 2025 | 15 replies
This method provides an indication of value based on the property's rents.
Josh Smith
Help me choose amongst 2 SFH tenants!
6 January 2025 | 5 replies
They can't afford the double deposit, indicating they live on the edge at the moment.
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.
Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
You're description indicates they DID NOT damage it as you describe the damage as "cracking" which is how door seals fail from normal use.
Kimberley Sewell
RABBU Listing Service
31 December 2024 | 2 replies
Past performance is no indication of future results.
Zachary Kotiadis
*Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
However, I have found trails of information on the internet and FHA-type websites indicating if you relocate due to work, that you are not bound by the 1-year rule once you begin at your new place of employment.