Jeffrey Hennen
Cost Benefits of Water Softeners
9 November 2024 | 5 replies
I think this would make sense in the long run for the rental property as it will extend the life of everything it touches like the Sink, faucets, showers, water heater, dishwasher, and Clothes washer while also providing clean drinking water in addition to the reverse osmosis drinking water system I already have installed.The main problem with this hardness level is that we get a major deposit buildup on all of these items, which will eventually clog up the faucets for tenants and lead to rusty shower enclosures that take forever to clean.In addition to this, it looks like we could likely have the salt added every couple of months by the property managers in addition to that it would allow for a quick inspection from them, and then also we would instead bill the cost of the service onto the ledger for the tenants.For reference, it does not look like the landlords in the area have water softeners.Thank you everyone for your input ahead of time.
Kendrick Seen
CRM and List Management
11 November 2024 | 6 replies
It is clean, has good UI/UX, and is pretty intuitive.
Lisa H.
Buying a house with a tenant that has lost his job
11 November 2024 | 10 replies
Very clean and mostly organized.The rent is at fair to maybe even above average.
Leon Lee
What is your smoking policy for STRs in Cities
10 November 2024 | 12 replies
They’re getting smarter about it too—trying to clean up any residue so there’s no visible evidence, though the smell still lingers.I currently have a $350 fine for smoking inside, including weed.
Michael Whitman
Due diligence checklist
13 November 2024 | 9 replies
I think I have the basics down:* rent roll or proof of rental payments over x period of time* copies of owner paid expenses* copies of owner repairs over the last couple of years* clean title search* home inspectionWhat are some of your favorite questions?
David Cherkowsky
Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Actively marketing the property and handling tenant relationsCost Segregation: allows you to accelerate depreciation by breaking down the property into different components, such as personal property (appliances, carpeting, etc.) and land improvements (landscaping, parking lots, etc.), which can be depreciated over a shorter period typically 5, 7, or 15 years rather than 27.5.
Walker Hinshaw
Approached by a PM to turn my SFH into a Sober Living Rental: Any experiences?
8 November 2024 | 31 replies
Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.
Saad D.
Is the 1% rule dead?
22 November 2024 | 92 replies
I got 4 SFHs this year in 3 states that meet or slightly exceed the 1% rule because I took on a problem the sellers did not want to deal with (clean up hoarder house, tenant eviction, etc).
Jared Smith
Fleas for Rental Property in Cleveland, Ohio
5 November 2024 | 6 replies
No carpet and fully renovated.
Sarah Vann DuRant
Florida Land Trusts v. LLCs
11 November 2024 | 4 replies
I'd still do a land trust again in the future, but I'd be sure the ownership structure was nice and clean without mixed entities and SDIRAs in the mix.