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27 December 2024 | 34 replies
.- Good luck getting them to pay their portion for the duration of their lease- Be careful including utilities in the rent as they then won't care about a running toilet resulting in a $500 water bill.- S8 tenants don['t want to pay application fees- S8 tenants cry broke about paying security deposits- S8 tenants in the program for 10+ years claim ignoreance on filling out their paperwork because they've learned a desperate landlord will do it for them.If you want a S8 tenant, you MUST advertise on www.AffordableHousing.com
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15 December 2024 | 1 reply
One of the methods I plan to utilize is to list the space on craigslist.
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2 January 2025 | 30 replies
Damage after deposit, legal charge, skip out, unpaid utilities lists go forever.... and of course eviction process takes at least 60~90 days here while lawyers are asking $600 to just start with the case.
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17 December 2024 | 22 replies
ABC kept the first two and half months of rent from the rental guarantee for tenant placement fees and utilities (water, electric).
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19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
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13 December 2024 | 3 replies
I need something simple that I could utilize today.Thanks you will not be able to get something today. in order to pull credit typically you must have a background check done on you and the company will also come visit your office and confirm you have specific security policies and procedures in place.
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9 December 2024 | 98 replies
There's a lot of people investing in Bitcoin and other digital currencies.
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10 December 2024 | 22 replies
Most of my travel nurse / medical professional bookings have come from Furnished Finder but the other sites usually appeal to other tenant types like digital nomads, relocating families, etc.
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13 December 2024 | 2 replies
The limits are not high at first, but they can build with good utilization and payment history.