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25 November 2024 | 8 replies
I'm concerned that the combined load of heat pumps and ancillary heat strips, along with other appliances, might exceed the 100-amp capacity during winter.As part of our future plans to add a third unit and separate the utilities, we intend to install two additional meters: one for common areas and one for the new unit.
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27 November 2024 | 16 replies
With regards to MTR arbitrage, a quick definition may help less experienced investors follow this topic better.In this context, arbitrage refers to entering into a long-term lease with a property owner, and then furnishing the space (also probably setting up the utilities and Wi-Fi), with the purpose of renting it out at a higher rent for a profit.The value to the property owner is that if they enter into a lease with an honorable and responsible person, the rent will be paid every month on time and without fail (regardless of whether or not the MTR provider leased the space).
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18 November 2024 | 8 replies
Instead, can you just cover the utilities or go to the laundromat.
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25 November 2024 | 9 replies
I most definitely 2nd getting the utilities mapped first before digging.
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26 November 2024 | 21 replies
As I'm sure most of you know, a long-term rental is simple since the only recurring expense I own is the mortgage, whereas with a STR I'll own the mortgage, internet, utilities, furnishings, cleaning fees, etc. which just makes my projections a bit foggier.I'm looking for feedback on the below expenses and wondering what else I should be thinking about, that I don't currently have listed.
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26 November 2024 | 6 replies
After utilizing the Do Not Call Registry for phone numbers, my list is cut in half, to about 3,000.
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26 November 2024 | 14 replies
There are strategies that you can utilize here that can make it easier as well.
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26 November 2024 | 4 replies
I start with cleaning and repairs, then I apply it towards utilities, legal fees, late fees, and rent, usually in that order.I also have a holdover clause that says the tenant is charged 4x of the monthly rent, prorated daily if they hold onto the property after lease termination.
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6 December 2024 | 36 replies
I've been getting a card or two a year to increase my limit (indirectly lowers utilization as well if you don't charge it up) - it does hurt the overall credit age though
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27 November 2024 | 8 replies
Did they have bank statements showing utility payments for the rentals?