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18 May 2024 | 10 replies
I wasn't going to mention random strangers in my house to her.
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20 May 2024 | 88 replies
With the umbrella policy, if you get sued, the insurance company provides the lawyers for the amount up to that policy (I believe).It does help to invest in a state that is landlord friendly tho...Random disclaimer - I'm not a lawyer, nor should this be construed as legal advice.
17 May 2024 | 5 replies
I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say.
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16 May 2024 | 7 replies
It takes you 1000 malers, calls or text to the list Propstream is spitting out to get one deal.It also takes you that doesn't use propstream, 1000 mailers to random lists to make one dealTHERE IS NO GADAMN DIFFERENCE!!
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16 May 2024 | 4 replies
I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.
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17 May 2024 | 14 replies
Whenever I do this, I stop my car randomly and ask people what the area is like as they'll be able to tell you more frankly what their living experience is like.
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16 May 2024 | 10 replies
@Molly JonesUnfortunately, many wholesalers that you meet randomly online are not very experiences or particularly skilled at what they do and often rely on bulk rather than quality so there is a high probability that they know very little about the property itself aside from the basic data that they obtained online through data scrapping.
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15 May 2024 | 7 replies
If you don't have enough random deductions to warrant itemization and you simply take the federal standard deduction, then your primary interest doesn't do you any good.
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16 May 2024 | 19 replies
I am a bit of a pizza snob and when I am in a new place I look for a good spot and if its rated 4.7% with 5 star after 5 star review and I see a random 1 star review saying the food was terrible, do you think I let that discredit all of the raving reviews before and after it?
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14 May 2024 | 7 replies
I usually don't hire random contractors for repairs or emergencies.