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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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26 January 2025 | 30 replies
Seems they are the type to take advantage and not follow the rulesLooking back yes I think I would have been able to work it out with them to move out.
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12 February 2025 | 12 replies
Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.
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13 February 2025 | 22 replies
Be certain you've fully evaluated your cash flow by doing a cash flow analysis.I leave it to you to confirm you've taken in consideration the following potential costs: CapEx, maintenance, property management, water, sewer, trash, vacancy, turnover, taxes, insurance, etc.
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27 February 2025 | 26 replies
So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.
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1 February 2025 | 17 replies
Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates.
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11 February 2025 | 20 replies
Borrowers may use foreign income to qualify if the following requirements are met.
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29 January 2025 | 0 replies
I've been following the build-to-rent method for some time and even lived in one for 2 years.
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5 February 2025 | 29 replies
All they have to do is follow the simple contract where everything is outlined.
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10 February 2025 | 71 replies
It will help them tremendously - IF they actually follow it and do it.