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20 January 2025 | 57 replies
@Daniel Tanasa Unfortunately that is not correct when it comes to mortgage debt.
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19 January 2025 | 47 replies
The model does in fact require owners to share a percentage of their rental income, but they still maintain full ownership of the property and decision-making authority.
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21 January 2025 | 40 replies
The problem I was having with Stessa and Rentastic is that it only tracks what’s in the bank account not what I get from the PM, so the numbers are off and I have to go in and correct it all.
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5 January 2025 | 18 replies
I am 100% ok with my w2 providing me income to maintain my life and grow a nest egg for the later aspect of life
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3 January 2025 | 8 replies
All lights were green and there was a pileup, leaving behind a mess of twisted metal and broken glass, and a few personal injuries to boot.The syndicator crowd coined the phrase "survive until '25" under the hope that by 2025 interest rates would correct and their deals would be fine.
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9 January 2025 | 9 replies
You will need an attorney to properly structure the partnership and you will make sure you do it correctly.
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6 January 2025 | 9 replies
If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.
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30 December 2024 | 15 replies
.✅ Thirdly, in regard to objectionable tenancy and nuisance caused by disruptive tenants, you will need to document these violations with undeniable evidence.Because police reports are not usually able to be procured due to disturbances like drug trafficking or domestic violence, you’ll need to take matters into your own hands on producing that documentation.I recommend getting security cameras installed in all common areas and outside your properties.I’ve used SimpliSafe security cameras but you’ll need to install WiFi service at your properties so that you can maintain recordings in the event of violations and add to your lease that any tampering with said cameras constitutes a lease violation as well.This is still developing and once we get further clarity, we will host a round table with legal experts on how to best protect our properties and residents.
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20 January 2025 | 14 replies
it looks like you have found out - correctly - that the vast, vast majority of properties for sale aren't good deals from an investment perspective.
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2 January 2025 | 12 replies
I run multiple properties in B or C area and I maintain super host status every quarter.