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11 February 2025 | 0 replies
Some areas to pay attention to include:*Kitchen and Bathrooms – These rooms yield the highest return on investment.
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18 February 2025 | 7 replies
A few other comments;For Philly: It's best practice to include the required documents in the final lease packet and have the tenant sign or initial all to prove receipt.
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11 February 2025 | 6 replies
Why ask: Be clear on what you get with the program including any tools that the company may use themselves.9.
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17 February 2025 | 10 replies
I believe I put about 60k into the rehab which included adding a fifth bedroom to the basement.
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12 February 2025 | 12 replies
There are many other options as well including some that are included in property management software products.
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12 February 2025 | 12 replies
You will report worldwide income on your federal and Kansas tax returns.You will also include the MO activity on your KS return.Your MO return will only include the acitivity within that state, which in this case, is the rental property.In the future, if you have income in MO(either through the sale of the property or through rental income), you will pay tax to MO but KS will give you a credit for any taxes you pay to MO.best of luck
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15 January 2025 | 9 replies
If you’re thinking of branching out, cities like Austin or San Antonio are worth considering, but staying local has its perks too.
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15 February 2025 | 4 replies
Most MTRs in my market are including wifi, water, electric, etc.
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19 February 2025 | 7 replies
There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even.
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11 February 2025 | 1 reply
Additionally, the property includes an outdoor swimming pool.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.