When taking over a long term tenant occupied property and the tenant has a pet would it be in my best interest to immediately request a pet deposit and increase rent due to pet, or don’t say anything about it and allow myself to make a few months rent in the bank than increase the rent in January?

Hi Jenny,It's not unethical as long as you are being respectful of their time!

What follows will probably sound somewhat pessimistic - but I put it out there for your consideration...Understand that your journey will be a long one, as real estate is usually not a get rich quick game.  

It doesn't take long to learn how to spot a good deal.6.

I believe in practice it does not actually offset the capital gains but reduces my taxable income dollar for dollar with the loss, as long as my Modified Adjusted Gross Income (MAGI) is under $150K.

Hi all, just getting started on bigger pockets. Don’t own a thing even though I’ve wanted to take the dive for 10 years. Would love to start building wealth more quickly than just doing our typical 9-5 and seeming to ...

@John BertolonIf your goal is to have tenants move out so you can do renovations I'd hold off on doing upgrades unless they lead to higher rents.However, if you want to keep the tenants and the repairs are inexpensive and beneficial long-term, it’s worth doing because vacancies will cost you more.Replacing items like appliances can be costly, so if they're working well, I wouldn't address those kinds of requests.

We finance Short Term Rentals, Mid Term Rentals and Long Term Rentals, for short term rentals we don't require any seasoning, and can use AIR DNA for estimating the Rental income.

So it worked out for both of us, and they'd sign a long-term lease.I'd suggest looking into sober living operators in your area.

Investing $135k in Upstate NY, particularly in Greene & Albany Counties, offers a range of possibilities depending on your goals and risk tolerance.If you’re looking for steady cash flow and long-term growth, single-family rentals in strong rental markets might be a good fit.