Patricia Andriolo-Bull
Stessa - 179 deductions
10 January 2025 | 12 replies
One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.
Jonathan Greene
Don't Become a Property Hoarder or a Door Counter
3 January 2025 | 40 replies
Quote from @Isadore Nelson: Quote from @James Hamling: @Jonathan Greene to piggy-back on what your laying down here: I believe a core component of the "problem" is a gross over & mis use of "Cash-flow".
Christopher Morris
Is Relying on Cash Flow Feasible?
13 January 2025 | 57 replies
With running this "business" there will be operational input costs.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
Its being operated at STR from last 30 months with great cash flow.
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Frank Pyle
Seeking Advice from Lenders: Financing for Community Living Home
5 January 2025 | 2 replies
Does the operational company already exist and have income history?
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
The plan is to keep operating the property as a PadSplit post-acquisition.
Reyna Ayala
How many bank checking /saving accounts are needed as a first time landlord
8 January 2025 | 10 replies
.: That sounds very similar to how I operate.
Myles Jordan
Seeking Advice On Starting
17 January 2025 | 5 replies
If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.