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12 February 2025 | 2 replies
Allowing pets, including the dogs nobody wants (excluding pitbulls, unless your landlord policy specifically covers them), will give you access to qualified tenants that otherwise can't find places that allow them.
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5 February 2025 | 8 replies
I would project, 6 months, so if there are holding costs $2,270 a month (not including utilities), with utilities in about $2750.00. $2750x6 months= $16,500..
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8 February 2025 | 2 replies
If the landlord or their employee did the work themselves, they must include a description of the work, how long it took, and the hourly rate they charged.
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18 February 2025 | 4 replies
The other contributing factor was the poor property management and sponsor asset management of the properties.
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31 January 2025 | 11 replies
Definitely worth factoring into your strategy, though
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17 February 2025 | 8 replies
Our average monthly revenue is $2,675.We have had 46 stays so, $4,600 in cleaning fees (the cleaning fees are included in the avg $2,675 monthly revenue) If we have someone clean it, it costs $100.
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20 February 2025 | 3 replies
For an additional $450 they will include the required engineering seals.
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20 February 2025 | 8 replies
However, the 1031 exchange only applies to the real estate component or real property, of the business, not the business itself or its non-real estate assets.In other words, while you can exchange real estate used in your business for other like-kind real estate, the business itself, including goodwill, equipment, and other non-real estate assets, does not qualify for a 1031 exchange.To maximize your tax deferral, focus on the real estate portion of the sale.
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1 February 2025 | 11 replies
Market Selection: What factors do you consider when choosing a profitable location?
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20 January 2025 | 7 replies
Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.