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19 December 2024 | 12 replies
I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
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14 December 2024 | 13 replies
As a former planning commissioner the people AGAINST projects are the loudest so you want to make sure you have a good pulse on what your neighbors and the louder people at public hearings stand so you can be prepared ahead of time.
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17 December 2024 | 16 replies
My 2 cents is right there with the other guy, get into something on your own first to test the waters and know what it’s like to actually buy and do some work.
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11 December 2024 | 6 replies
Awesome to hear you have a specific date picked out to take the test!
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16 December 2024 | 19 replies
Landlords can enter a tenant's property for a variety of reasons, including: Making repairs or replacements Responding to a tenant's request Removing unauthorized window coverings Preventing waste of utilities Changing filters, testing, or replacing smoke detector batteries Inspections Helping with an emergency inside the unit Posting a notice of eviction"Research your state laws because some of your comments indicate a lack of understanding of the landlord/tenant laws where you are operating (like threatening the tenants to keep the security deposit if they don't respond to you, I doubt that is actually a valid reason to keep their deposit, or evicting for late payments, or charging the tenants for your warranty repairs because you missed your 11 month inspection window which was your responsibility, and it looks like your lease says you can charge up to 18% interest for unpaid fees, is that actually legal?).
16 December 2024 | 20 replies
Let the tenants know you are doing this, so they can hopefully not use water while you're testing things.
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17 December 2024 | 12 replies
@Max NathanInvesting in Alabama from Miami is absolutely doable with the right preparation.
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16 December 2024 | 4 replies
And preparing a building site and installing a driveway are further considerations if I even decide to build something there.
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14 December 2024 | 6 replies
Title company will need formation docs, and operating agreement to prepare deed and title docs and lender will need formation docs and operating agreement for lien search and loan docs.
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15 December 2024 | 4 replies
During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.