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6 February 2025 | 13 replies
Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.
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27 January 2025 | 9 replies
If she lives rent-free, you retain control of the property but lose the ability to claim rental-related deductions.For long-term planning, consult a CPA and attorney to ensure compliance with tax rules and align ownership structure with your goals, including potential conversion to a rental or estate planning considerations.
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18 January 2025 | 1 reply
With the increased competition, it’s crucial to prepare your property to stand out and work to address obvious buyer objections prior to going on market.
6 February 2025 | 6 replies
We've sent out a cohost request and most hosts are asking ~22%, which is higher than what ABB suggests - but seems to be in line with what traditional local prop management places charge.My question: Long term obviously it makes sense to learn to do this all myself and be self sufficient.
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29 January 2025 | 32 replies
For me personally long term rentals add another layer of complexity and staff needs.
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31 January 2025 | 22 replies
In real terms you would walk away from an investment long before a primary residence and therefore most banks will not allow it for anything less than 10%.
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30 January 2025 | 19 replies
You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.
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24 January 2025 | 15 replies
They have higher appreciation, better tenants and great long term wise.
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6 February 2025 | 13 replies
Tax deductions / write-offs should be a second concern.There are some rules that you need to follow to treat a short-term rental as 'active'(non passive) income which would allow you to offset it against other forms of income such as rental income / wages.
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29 January 2025 | 0 replies
Divide the long-term vision into manageable steps.