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20 May 2024 | 88 replies
They do not have someone monitoring county records at all the counties in the country to see who is changing the title.
16 May 2024 | 5 replies
Once you get a little experience and have learned a few things from using tenant cloud, etc... it may be easier to screen without paying extra fees, but that's just me, I like infrastructure when I'm new at something.
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16 May 2024 | 4 replies
For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).
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16 May 2024 | 14 replies
They may be able to finance you at a low down payment if you have experience, reserves, and FICO as long as the 65% of the value can support the entire purchase price I wasn't saying 0 down, but the concept of full return of capital. 15% land purchase cash. in columbus land is let's say 50k we build a triplex for 350k which is very close to 15%. small entitlements, reserves required, etc whatever lender asks for. multifamily sells for 200k per door in our market over 4 units, we are pushing the values up. first ones we are working on because of rezoning, etc but it's a full refinance on 6 month seasoning and do it again. that's the scenario that I was outlining. we do it in the urban core of Columbus where new construction trades at $325 a square foot or more for higher rents and higher equity. we could still put more units per parcel in columbus. these are all infill I hate Lehigh acres. overbuilt, no infrastructure, no commercial drivers or asset.
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15 May 2024 | 17 replies
The retail is booming, the only downside IMO, is the infrastructure.
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14 May 2024 | 4 replies
Lastly, set deadlines to monitor progress.Once you've established your achievable goals, the next step is to assemble a reliable team in your target market to support your success.
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14 May 2024 | 6 replies
Anyone have thoughts on moving the two thermostats to the hallway, putting them on my phone for monitoring via wifi with a lock of of xx degrees, and including it in the rent?
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13 May 2024 | 4 replies
We currently use a simplisafe system to monitor the driveway to audit how many guests enter and if they bring pets.
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12 May 2024 | 9 replies
ASK your housing authority how long the wait for the initial inspection will take.My experience has been that you need to monitor these tenants more closely than others.