5 October 2024 | 10 replies
Here's an explanation of the law: https://portal.ct.gov/dob/rental-security-deposits/rental-se...You must send an itemized list of deductions.
6 October 2024 | 1 reply
No underwriter wants to lose their job over a "missed" item like that.
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5 October 2024 | 10 replies
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.
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8 October 2024 | 16 replies
Here are a few of my top tips for making your property pet-friendly:Research local pet fees: Ensure your pet fees are competitive while still allowing you to cover potential wear and tear and make a profit.Set a pet limit: Specify the maximum number of pets allowed on your short-term rental platforms and highlight this in multiple areas of your listing, including your property rules.Provide pet essentials: Invest in items like a large dog crate and pet food bowls for guest use.Create clear pet rules: Share these rules with guests during check-in.
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11 October 2024 | 30 replies
One additional item to consider is to buy an outdated property, rehab it and refinance it, this way you would have less cash into the deal and higher Cash on Cash Returns.
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10 October 2024 | 28 replies
Insurance is another big ticket item for all beach areas, especially Florida.I had some friends sell their ocean front condo on Hilton Head, that they had owned it a long time at a great interest rate.Condo fees, property taxes and insurance made it not cash flow anymore.So they were forced to sell.
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10 October 2024 | 31 replies
They're not 'like' items.
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4 October 2024 | 2 replies
You would be entering an estimate for each item.
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4 October 2024 | 14 replies
I'm not sure the premium vs the basic version (I only have premium) but for any property, I can itemize the purchase price, current value, tag the associated mortgage, my assumption on appreciation, its rental income, all of its expenses (including taxes, yearly mainteance, capex, insurance, HOA, property management, depreciation and other), its estimated sale timing/and fees.
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2 October 2024 | 2 replies
I'm currently considering whether to 1031 a couple of rental SFH's I have in the DFW area over to Vegas.Having lived in an owner-occupied house here for 3 years now and looking at my Clark County bill:- The assessed value is only 25% of the current "quick and dirty" market value (Redfin, Z)- There's a line item where property tax rate appears to be 3% of the assessed value- ... however, another line item subtracts a lot from this because of the lag from owner-occupied increase cap percentage of 3% annually (if I'm understanding correctlyAlso, despite changing hands 3 years ago, it's interesting that the assessed value didn't get re-assessed to the purchase price back then.