Jordan Northrup
Need an alternative to Stessa
11 December 2024 | 8 replies
For the most Service has been responsive, they're adding more functionality, though wish I could track maintenance/repair requests and service fees for rent, but the cash management is what's keeping me here for now.
Rick Im
Do these expenses qualify for start-up expenses?
6 December 2024 | 10 replies
Any expenses you put in to renovation or repairs are not deductible, but must be capitalized after the property is in service.
Marc Shin
STR soap and toilet paper
19 December 2024 | 28 replies
Most cost effective option I have found.Guest breaks a refillable container, no problem , $5 or less to repair.
Shelby Ek
HUD homes activating utilities for inspection or apprasials
8 December 2024 | 19 replies
@Ryan BrayHUD will not turn on the utilities and my guess is you are outside your 15 day window where you could at your own expense provided that the PCR report did not find anything that would prevent it.Your option is to ask your lender if there is any work around such as an escrow for repairs or an as-is appraisal.
Desiree Doubrox
Coworking/coliving property, beachside in San Jose Del Cabo, Mexico.
11 December 2024 | 1 reply
$1,200,000 purchase price and the balance for closing costs, repairs and reserves.There are ways to obtain financing in Mexico, but most sellers are expecting cash deals.
Vicky H.
Silicon valley struggle is real 😂 Buy primary or continue to rent?
12 December 2024 | 9 replies
@Hsin-I Hsu Owning a $2.5M house can be an expensive commitment, not just because of the upfront down payment but also due to the ongoing expenses for repairs, maintenance, and upgrades that inevitably come with homeownership.Renting at $5K a month, especially for a 4-bedroom house in the Bay Area, seems like a solid deal.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
Run a good business, keep you properties in good repair, have good paperwork.
Isadore Nelson
Looking for Advice on Buying an Occupied Foreclosure in Brooklyn, NY
9 December 2024 | 15 replies
Aside from the risk of taking on the property with tenants, you may also have to purchase site unseen which makes it tough to calculate repair costs.
Kyle Luman
Cash flow vs equity discussion in recent Podcast
13 December 2024 | 13 replies
I have enough personal income that I can pay for cap ex and repairs if I need to (most people can't, and shouldn't, do this unless their W2 income can support it).
Monish Anand
Bloomington, IL from California - should I invest?
11 December 2024 | 5 replies
You get built in property management which makes dealing with repairs easier.