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3 February 2025 | 10 replies
Point being if you are leveraged to the hilt with no cash how are you going to make those required repairs etc?
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18 February 2025 | 95 replies
I created an electronic google doc time tracker: Time LogContemporaneous time log of rental real estate activitiesActivity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDateMM/DD/YYYYSubmit
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11 February 2025 | 4 replies
Sometimes, unseen issues (like major repairs) end up costing more than the discount you negotiated.Final Thoughts•If there are no major rental restrictions, and the numbers work based on rental comps, this could be a great first investment.
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16 February 2025 | 6 replies
You have $190,000 in equity earring $7,200/year when there are no repairs and no vacancies.
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21 January 2025 | 19 replies
I am invested in a small multi family in TX and the management was not able to fill the property and do repairs and the income has dwindled badly.
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8 February 2025 | 7 replies
I do not set up TV, internet, or phone for tenants.
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24 February 2025 | 20 replies
. Install or repair 2 doorbells. Install or repair 2 exterior lights.Materials Included Cement/hardy board, drywall material. Granite slab for countertop and bar. Kitchen sink (D shape). Setting materials (thinset, grout, drywall tape, red guard, etc.). Baseboards, door, and balcony trim. Plumbing materials (excluding fixtures). Fastener screws.Total labor cost: $13,000
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31 January 2025 | 11 replies
I obviously want to get the best tax benefits and write off the expenses for the house and repairs I have done.
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4 February 2025 | 31 replies
He also told me he is too busy to talk to me on the phone.