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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 .
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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).
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.
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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.
29 April 2024 | 248 replies
We also have mineral acreage which is a type of real estate at the core but that's an oil/gas investment in my opinion.
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22 April 2024 | 12 replies
Losses of principal capital investment in syndications is something none of my many clients ever faced, except for Oil & Gas and (one time) a fraudulent syndication.
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25 April 2024 | 209 replies
After reading many of the posts by broker/agents my takeaway is that honest, experienced, knowledgeable and competent agents are tired of the inexperienced, part time, or fly by night agents (fly by night: someone who enters as a salesperson for whatever is “hot” at the moment, be it real estate, oil and gas leases, used cars, etc) muddying the waters and causing them twice the work to close a transaction.
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22 April 2024 | 12 replies
Ease off the gas pedal will ya?
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20 April 2024 | 1 reply
So the issue im having is This trespasser comes and goes as he pleases to destroy the property but never stays the night At the property because its CONDEMNED he has cut plumbing lines Gas Lines , cut hardwood flooring broke walls windows removed furnace water heaters etc.
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18 April 2024 | 1 reply
The property had window AC's and a gas fireplace upon purchasing so we immediately had central heating and AC installed.