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20 April 2024 | 33 replies
They did not, at the time of my trial, offer any check-writing capabilities, so paying bills is nigh on impossible unless you find a vendor that will take a virtual debit card or ACH payments.
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16 April 2024 | 20 replies
Other advantages include value add, tax benefits, capability to legally avoid paying taxes on extracted money, and ideally cash flow.
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16 April 2024 | 14 replies
I think it is more cost effective and has the capability to put entire SOPs online.
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16 April 2024 | 7 replies
I have some unused space that i can extend the bathroom area or add a laundry area, but I have already been put a ton of work (and money) into the main area of the house and don't want to do any upgrades to the ADU that aren't critical in maximizing rental capabilities.
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15 April 2024 | 5 replies
Also, 6 months reserves is a great rule of thumb, and some lenders require that as proof as well.We do have an arrangement with Helix Mattresses where I can +/- 50% off retail with free shipping on all mattresses.
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21 April 2024 | 240 replies
Best Regards and much respect.Hey mate,Thanks for the mention and question.Turnkey investing isn't for everyone as it requires a lot of faith and trust in the turnkey provider.Over the years I have found that way to many investors want to be "too hands on" so investing in turnkey is not for them.Many also expect overnight success and that isn't possible either...Ohio Cashflow likes working with investors that are comfortable and confident in their decision making.That have done their due diligence on our company, market and turnkey investing in general.And that will trust us with doing our best for them.Also, buying 1 or 2 properties and expecting miracles isn't worth the risk of investing out of state or country.As for stocks.That ship has sailed IMO as the market is at all time highs.So the risk is too high for inexperienced investors to make large returns.DISCLAIMER: My online content = My own opinions and shouldn't be followed as gospel hehe.
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15 April 2024 | 9 replies
Baselane's bookkeeping capabilities are great and it's easy to categorize expenses by property.
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15 April 2024 | 8 replies
If you want them to handle applications and contracts also, check out their capabilities and what you as a landlord will need should there every be a problem and a day in court.
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15 April 2024 | 12 replies
We find that a lot of new investors are definitely capable of obtaining both of those documents, but oftentimes they need help in deciphering what they actually mean and what needs to actually be done about it.
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15 April 2024 | 19 replies
If we need to hire someone to mow the rental properties lawns or maintain websites, I am not sure why it will be very hard to convince IRS that we could hire our own kids to do the job if they are capable, and their payment is reasonable for their age.