Brett Riemensnider
Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
Direct expenses are expenses directly attributable to the rental units (ex: rental unit repairs/cleaning, advertising, rental adm exp, etc)
Chris Johansen
JV best structure
10 December 2024 | 7 replies
Since you mentioned a construction site injury in your initial post, the best way to proactively avoid premises liability claims is by keeping a clean worksite.
Jennifer Fernéz
Let's say you have $80K in your savings account...
19 December 2024 | 82 replies
•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
Also received the Scope of Work: roof repair, exterior paint, replace rear siding, new exterior doors, new gutter, soffit and fascia repair, clean and seal basement, electrical repairs and new breaker 100 amp breaker, refinish hardwood floors, new vinyl kitchen floor, new furnace and duct work - Estimated $9,100 total."
Sino U.
If you were to start now, where would you choose?
11 December 2024 | 12 replies
What are the cleaning and management costs?
Bridger L Logan
Any success with rent by the room?
15 December 2024 | 59 replies
Like the push to get tiny houses accepted and zoning changed, a "cleanly well run rooming house" business model has yet to get much muninicipal acceptance tracktion.
Max Dauer
How Much Time Do You Spend Managing Your STR
9 December 2024 | 7 replies
Most of the time is spent answering guest inquiries, scheduling cleanings, and handling the occasional issue that pops up.
Judy Mitchell
Requesting Sample Move-out/Cleaning Instructions and advice
27 November 2024 | 6 replies
I've got a cleaning/replacement sheet.
Timothy Franklin
First time funding?
11 December 2024 | 8 replies
Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental).
John Williams
short term rental or longterm for more cash?
16 December 2024 | 14 replies
So if you want to handle the extra work, like cleaning, repairs and all of the calls and texts, then go for it.