Jaden Jung
Experiences in Roofstock, Doorvest, Norada, or other "Turnkey" solutions
26 August 2024 | 16 replies
Just make sure you set enough aside for capex, vacancies, unexpected insurance increase, taxes, tax professionals, and local considerations (excessive heat?
Brian Coffey
Just bought prime 4-unit in Chicago....
23 August 2024 | 6 replies
Sometimes, I see people add bedrooms when it doesn't make sense.It's often not as simple as just putting up a wall because you need lights, outlets, and proper ventilation.
Malik Javed
Cost Segregation - The Basics
22 August 2024 | 1 reply
For example, certain electrical outlets that are dedicated to equipment such as appliances or computers should be depreciated over 5 years.Benefits of Residential Cost Segregation Although the cost segregation process may appear complex, the benefits of conducting a cost segregation study on residential rental property are both practical and significant.
Bobby Sharma
WORST cities for permits, code enforcements, city inspectors
26 August 2024 | 28 replies
Typical "surprises" for investors are ELECTRICAL hard wired, interconnected smoke/carbon detectors - tamper free outlets and 20 amp GFCIs at kitchen counters, romex or bx wiring and covered closet lighting.
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
Scam is dishonest or fraudulent...they provide a community outlet and education so I guess some folks above need to revisit their definition of scam.
Nubia Silva
Pluming company damaged my fiberglass shower pan trying to remove drain
22 August 2024 | 4 replies
That is the ideal scenario but sometimes the communication doesn't happen or things get broken unexpectedly.
Steven Schafer
Remodeled Duplex - From 2/2 to 3/2 without moving outer walls
20 August 2024 | 3 replies
Curious thoughts on adding an EV outlet (no charger) for tenants to bring their own chargers?
Luis De la Puente
How Do You Keep Your Fix-and-Flip Projects on Track in a Competitive Market?
21 August 2024 | 4 replies
Securing a strong deal upfront is crucial, and adding a buffer for unexpected costs is a smart move.
Edwin Lopez
Managing gross income from business
21 August 2024 | 3 replies
Operating Expenses (30-35% of Income)Rule of Thumb: Allocate 30-35% of your rental income to cover operating expenses such as property management fees, maintenance, repairs, utilities, and insurance.Why: Properly budgeting for these expenses will keep your properties well-maintained and avoid unexpected financial strain.3.
David Colthart
How to BRRRR in Ohio in 2024
24 August 2024 | 26 replies
Some deals may look good on paper but can quickly turn into a nightmare if you don't account for unexpected things.