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22 November 2024 | 9 replies
I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.
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16 November 2024 | 7 replies
Total rent between the three is $3200/month.I have an adjustable 20 year mortgage with a balance of $100,000~ at 4.95% that is set to adjust in 2026.I also have a HELOC on that property at $180K~ with a 9.75% rate.
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19 November 2024 | 5 replies
More five-star reviews mean better placement in online travel agencies (OTAs) and higher revenue.Dynamic Pricing That Maximizes Profit: With tools like PriceLabs, pricing automatically adjusts to local events, seasonal trends, and demand surges—no more underpricing or overthinking.
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26 November 2024 | 127 replies
It discourages new landlords from entering the market and limits the ability of existing landlords to adjust rents to match rising maintenance and operational costs.
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22 November 2024 | 14 replies
From there, I would like to explore house hacking/the BRRR strategy, but I know there are rules, regulations, and connections I will need to make all this happen.If anyone is willing to have a conversation or thinks they could use my help in bettering their real estate business in return for some advice, I would love to at the very least create some new relationships.Here is my 2.6 cents adjusted for inflation...What about getting a realtor license?
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21 November 2024 | 23 replies
Nursing is a great occupation to create runway and to keep as you delve into real estate because you can adjust your hours, move to travel, etc.
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24 November 2024 | 19 replies
I don't have to adjust to some other PM's way of management.Recently bought some properties in Rumford.
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21 November 2024 | 18 replies
The GP was so open and transparent every step of the way with the different types of insurance that were essential, adjusters, replacement cost, debris removal, code upgrade, etc.
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19 November 2024 | 14 replies
In the operation, you should use a third party dynamic pricing platform that will adjust your night rate automatically based on the data they have in the area. 4.
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15 November 2024 | 7 replies
Any amount over your adjusted basis in the property (initial cost minus depreciation) could be subject to capital gains tax unless you reinvest it strategically.2. 1033 Exchange (Involuntary Conversion): A 1033 exchange (involuntary conversion) is specifically designed for situations like fire, natural disasters, or eminent domain.