John Williams
short term rental or longterm for more cash?
16 December 2024 | 14 replies
I don't care what anyone online says if you live there and have tenants at your home it will be a job.
Craig Daniels
Relative ranking of my first rental "deal" vs. the rest of the US (monthly cash flow)
8 December 2024 | 7 replies
If this was me, I would leverage my equity into a commercial office/retail/industrial multi-unit or multi-family property.
John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
I took title to each in a separate series of my LLC, which is the same as per entity protection as having each in a separate LLC but with the organizational and accounting costs of having a single LLC.In the case of each I carried hazard and liability insurance for the INTERIOR of the condo while the HOA carried insurance for the “common” areas, including structural.This particular condo was on the second floor, with retail and office space directly below.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
Also, whenever possible I create wish lists for the next phase, and when I'm ready to start I put it in my online cart and go.Everyone has been burned by everyone.
Steve K.
Due On Sale Clause About to Become More Common?
12 January 2025 | 185 replies
I'm not into Sub2.In MN when using the SOS "fast-file" online system to form a LLC it states, CLEARLY but often missed by people, Single member LLC's are a disregarded entity and legally held as sole proprietor for all legal purposes.
Dan McDermott
Got experience with mixed use in smaller towns?
3 December 2024 | 4 replies
I'm specifically interested in "main street" properties with a downstairs retail space, upstairs apartment(s).If you know of anyone with this sort of experience, I'd REALLY appreciate the connection.
Jeremy C.
Leasing Broker career path
7 December 2024 | 1 reply
Review their online financials/annual statements.
Sham Haile
Notice required for a landlord to give to tenants when selling off-market (WHOLESALE)
7 December 2024 | 2 replies
I just looked online and saw that in Seattle for months to month lease the landlord is only required to give 20 day notice.
Kyle Jacques
What is the best software for managing STR?
7 December 2024 | 15 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Denny Knapp
How do i know how much the rehab will cost?
7 December 2024 | 14 replies
In my experience, most of the online calculators are just taking an educated guess for you.