
30 June 2024 | 11 replies
Looking at online calculators, a rough value of it is currently 155,000.

30 June 2024 | 9 replies
I provided and they reversed the cancellation and unfroze the account immediately.

30 June 2024 | 1 reply
Lenders that have flexibility to originate in multiple states and have a wide range of programs available provide more value.

27 June 2024 | 11 replies
Would you be able to provide some guidance with regard to do title search and the next steps after you win the bid???

30 June 2024 | 6 replies
She NEVER provides any notice of anything that breaks, needs repair / replacement.

29 June 2024 | 12 replies
Does it provide protection between stays?

1 July 2024 | 18 replies
It can be tough to find properties that provide a good return these days even when putting 20-25% down, depending on where you're looking and what you define as a good return.

30 June 2024 | 2 replies
Market Analysis and Property Valuation: How can agents go above and beyond in providing market analysis and property valuations tailored to investors' needs?
28 June 2024 | 10 replies
Converting your single-family home into a rental property involves several considerations to protect yourself and ensure smooth operations: Establish an LLC:Liability Protection: Holding the rental property in an LLC can protect your personal assets from potential lawsuits related to the property.Tax Benefits: An LLC can offer tax advantages, such as pass-through taxation, where rental income is taxed at your individual income tax rate.Insurance:Landlord Insurance: Ensures coverage for property damage, liability claims, and loss of rental income.Umbrella Policy: Provides additional liability coverage beyond your landlord insurance, offering extra protection.Deductions:Mortgage Interest and Property Taxes: Continue to deduct these expenses.Depreciation: Depreciate the cost of the property over 27.5 years, excluding the land value.Maintenance and Repairs: Deduct costs related to maintaining the property.Property Management Fees: Deduct fees paid to the property manager.Filing Taxes:Schedule E: Report rental income and expenses on Schedule E of your tax return.Separate Accounts: Maintain separate bank accounts for rental income and expenses to simplify bookkeeping.Lease Agreement:Solid Lease Terms: Ensure your lease agreement is thorough, covering rent amount, due date, late fees, maintenance responsibilities, and eviction terms.Legal Review: Have the lease agreement reviewed by a real estate attorney to ensure compliance with local laws.Tenant Screening:Background Checks: Perform credit, criminal, and eviction history checks on prospective tenants.References: Contact previous landlords and employers for references.Property Management:Regular Inspections: Schedule regular property inspections to ensure it's being maintained properly.Maintenance Fund: Set aside a reserve fund for unexpected repairs and maintenance.Moving Out of State:Communication: Maintain open communication with your property manager.

29 June 2024 | 2 replies
I'd like to explore card operated laundry to provide that as an option for tenants, to offset the cost of running the washer and dryer while I pay for utilities.