Bridger L Logan
Do I need to subdivide before I can rent to own?
28 October 2021 | 4 replies
The tenants have been there much longer than we've lived here and they treat the place like it's their own with seasonal decor, lawn care, and family get togethers.
Will Fleischer
Building my mom a house, and it's my first new build project!
22 October 2021 | 3 replies
Using "lit" light switches is a thing we love to do and the decor style might be more friendly to older people.
Howard Chen
Oct. 2021 House Hack Update
24 October 2021 | 0 replies
I reinvested proceeds from the rent collected from the first tenant, to spruce up the second bedroom (I call it the nature room) I added a full length body mirror, study desk, a few various wall decors, updated the listing pics (didn’t get to put in service the new comforter and pillows, since I’m still waiting on them to be delivered) changed two small details in my outreach marketing message, and it made all the difference in response rate from the female demographic; since the majority of travel nurses are females, I realized they would not feel safe/confident in booking from, who they presume, is a single male, so I included a profile picture of my gf and I.
Howard Chen
Oct. 2021 House Hack Update
24 October 2021 | 0 replies
I reinvested proceeds from the rent collected from the first tenant, to spruce up the second bedroom (I call it the nature room) I added a full length body mirror, study desk, a few various wall decors, updated the listing pics (didn’t get to put in service the new comforter and pillows, since I’m still waiting on them to be delivered) changed two small details in my outreach marketing message, and it made all the difference in response rate from the female demographic; since the majority of travel nurses are females, I realized they would not feel safe/confident in booking from, who they presume, is a single male, so I included a profile picture of my gf and I.
Jesse Olson
Steps to Rehab an apartment
4 November 2021 | 6 replies
Hi Jesse,Maybe Co-GP with someone who has successfully Value-added with re-habs on apartments of this size.Because based on this question, I'd say your chance of coming in on budget and on time is very low (especially with Covid shortages).Using an architect to help with color, landscaping, office design and decor, etc...might be worth it.This is a big project and in addition to handling the actual rehabs, you have to be concerned with your renters inconveniences, 7am chainsaws, water and electric shut offs, downed laundry faculties, pounding and buzz saws whirring all day long.You have to have a plan to appease their anger over this--or they will move out (when they would have stayed), increasing your turnover and decreasing your estimated cash flow.Having a management company that is familiar with re-habs might also be a help--some may also handle the re-hab for you for a (% fee).Good Luck!
Lisa Marie
Home office reimbursement for LLC members (taxed as partnership)
1 November 2021 | 4 replies
For the record, we don't spend a lot of time in that "office" room (about 8~10 hours a week for each person -- communicating with the PM, coordinating with contractors, shopping for furniture and home decors, working on the guest book and website, etc.), but we don't use that room for any other purpose.
Wendy Vaidic
What Triggers Self-Employment Tax on Short-Term Rentals
2 November 2021 | 5 replies
Any of these would be no different than leaving towels, toilet paper etc.As for decorating, I would think that as you referenced it, then yes it would be like you are running a venue.
Charles Jones
Short Term Rental (STR) startup out of state questions
2 November 2021 | 6 replies
I’ll gather up furniture, antiques, decor etc., and have it shipped to a storage facility awaiting my arrival.
Curtis Wang
Interior Designer / Furnishings in Great Smoky Mountains
5 January 2022 | 1 reply
Curtis, furnishings and decor almost always convey with any property that you buy in the Smokies.
Red Peterson
Yay or Nay (purchasing a 4unit rental)
9 January 2022 | 14 replies
Expenses: Janitor $720, water $2094, repairs decor $907, and mngment $1577.