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13 January 2025 | 15 replies
Obviously one would still need legal and accounting support.
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4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00
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2 January 2025 | 30 replies
I love how Airbnb just pay me based on the evidence without going through 6 months legal battle or 3 years of collection hunting.
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29 December 2024 | 15 replies
Quote from @Jeremy Jareckyj: Anything rented for longer than 30 days is legally considered a long-term rental.
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22 January 2025 | 31 replies
Will they "check themselves" from bad behavior when they see a professional company with professional services, legally reviewed lease, etc. managing their day-to-day?
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31 December 2024 | 2 replies
Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care.
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15 January 2025 | 12 replies
Weeks later, it was communicated to us that the underwriter wouldn’t accept the ones signed by only one of us – legally binding for LLCs – and required we send amended copies of leases signed by both of us.
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30 December 2024 | 6 replies
Quote from @Brandon Larson: Yea, @Nathan Gesner is that legal to enroll someone in an insurance policy and then charge them for it?
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20 January 2025 | 19 replies
They like to back out of deals when we have multiple people going in and out and legally allowed to deny us a walkthrough.
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18 December 2024 | 9 replies
My thoughts are to do an addendum (but not sure how to word it since she will have pre-paid her part until may) and let them figure out the security deposit between themselves at the end of the lease.