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31 October 2024 | 23 replies
Plus if you are worried about the seller damaging the place, then inviting contractors in to do work is asking for trouble...redoing the roof immediately after closing is completely doable.
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1 November 2024 | 48 replies
Our STRs are not on Schedule C so I suppose we are out of trouble.
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30 October 2024 | 7 replies
But they won't be 1 percent in a year or two years because C- to D+ properties have trouble tenants (sometimes) and high cap ex.
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1 November 2024 | 4 replies
Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?
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30 October 2024 | 12 replies
It sounds like she is going to get in trouble, but are you looking in the mirror at all about this?
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27 October 2024 | 0 replies
We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!
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31 October 2024 | 17 replies
So yes, this is my first time having a contractor leave towards the final stage of a project as other work that I've done are minimal like fence repairs, deck replacements, sink repairs, hvac etc.
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29 October 2024 | 5 replies
The only thing I want to know is if the rent is paid in full and on time, the house is not being damaged and they're not causing trouble.
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28 October 2024 | 4 replies
Knowing PA you can get yourself in some trouble if you change the lock before the tenant moves out even if it is written in the lease.
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30 October 2024 | 9 replies
Therefore you are taking bad information and then interpreting it incorrectly which is double trouble.