Andreas Mueller
Interest Rates are Higher, It’s Been Longer. Lean In.
25 April 2024 | 1 reply
Ease off the gas pedal local governments, holy sh!
Steven Sullivan
Starting Out Today with Low Income
26 April 2024 | 25 replies
I can pull it off even with super high gas prices in PNW.Also, in my experience, "career growth" in the W2 world is slow and agonizing... wouldn't count on it if you're an investor.
Michael Carbonare
How I Made $30K On My First Deal
24 April 2024 | 2 replies
, but I hit the gas and bought it.Among the work that needed to be done was a new heating system.
Steven Westlake
Rehab tip of the day
26 April 2024 | 145 replies
And new electric heaters and new electric water heaters, mean the gas bill for the central heat and shared water heater goes as well.
Sophia Boro
Why do some investors allow unpermitted work?
26 April 2024 | 52 replies
And one other thing I've noticed here - the really bad stuff - miswiring in electrical panels, unsafe gas installations, etc - tend to be done by people either doing it themselves or hiring their brother to do it because it costs way more than it should to do it with licensed people pulling permits because of all the BS they have to go through, which means they have to charge more money.
Guytho Roney
1 furnace 1 water heater 3 apartments
22 April 2024 | 12 replies
It’s gas heat and water which I know I may have to pay for unless there is a creative way around that as well.Looking for some suggestions
Steven Westlake
Has anybody considered having no insurance?
23 April 2024 | 10 replies
The gas light pipe in the walls says 1860 to me, knob and tube replaced that in early 1900’s I suppose .
Russell Payne
Short Term Rental Vs. Long Term Rental
25 April 2024 | 93 replies
.$5500 income Minus $550 (10% for property management that coordinated cleaners, some maintenance, restocking, communicating with guests which I took over eventually because I was much better / more invested in it.)Minus $300 for bills (water elec cable / internet gas)Minus $100-150 for each clean Remember you have a 5 bedroom house and your 15 guests just spilled beer all over the place, dirtied the **** out of the kitchen and all the bathrooms, tracked dirt in the house, and maybe smoked weed inside And you have to strip all the beds and sheets and everything and remake everything / restock everythingThat’s a 3+ hour job for at least 2 cleanersNow you can find cleaners that are cheaper, but will they do a half *** job and hurt your ratings (this is common in volume Airbnb businesses), be able to show up consistently and on off times (Friday at 11 am and then also Sunday at 11 am).
Bryce Jamison
Golf Carts at an STR?
23 April 2024 | 28 replies
If you can rent them, then they are a huge money maker.I don't recall what we paid for it, but let's say $10,000 and I use it 75% for biz.So depreciation is $7500 (assume 30% tax bracket, tax reduction $2625) That is a cash inThen rental say about 75 days @ $250/day = $18750Less costs (gas, repairs, service, insurance etc, which will also be a deduction from revenues) = $5,000So Yr1 you are at $16,375 and your machine is all paid for and then some.I don't have a garage so it is parked on the side of the property.
Account Closed
Tenant no responding to rental raise
25 April 2024 | 60 replies
It frustrates me that landlords are held to a different standard than the supermarkets, gas stations, and cable companies.I guess the more diplomatic thing to do would be to issue a notice to vacate for a protracted date (90 days was mentioned) with no raise, and then part ways.