Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
In addition to submitting your documentation I'd get a plumber to state in writing that the windows being left open is what caused the pipes to freeze.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
THEY ARE NOT LIMITED TO ONE PROPERTY.So, they can 1031 to 2 or more additional properties OR 1031 into a rental property plus a DST so that all the profits are used up in the exchange.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
Some offer it as an additional rider for more money.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
Feel free to ask any questions here.In addition to a "Facebook community", how about a Slack channel?
Shiloh Lundahl
Those of you on the sidelines
30 January 2025 | 45 replies
QE et al (inflation reduction act!
Michael Darten
Property management managing multiple properties
4 January 2025 | 18 replies
Investigate what (if any) additional fees that they charge for handling evictions, and find out whether they go to small-claims themselves, or hire an attorney.
Stuart Udis
What language was added to your lease in 2024?
30 December 2024 | 7 replies
Moving forward in my commercial leases I will now include language making the placement of thermostats the landlords decision with additional language prohibiting the relocation.
Owen Maiden
Good C Class Neighborhoods to invest in in Cleveland, OH
29 December 2024 | 30 replies
There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.