
15 October 2024 | 9 replies
That's huge.My 2 cents is to ensure you keep up with all business-related and property-related financials (aka bookkeeping).Bookkeeping for REI companies (especially rental property companies) is super nuanced.

4 October 2024 | 8 replies
So it sounds like you should lower your cleaning fee $30?

15 October 2024 | 3 replies
Some of the rents were as low as $800 and we've successfully brought those up to market ($1,000+).

15 October 2024 | 16 replies
Here are some important facts with respect to borrowing against the 401k: 1) It must be a 401k, once you rollover your funds to an IRA, you don't have that capability. 2) You can only borrow up to 50% not to exceed $50,000. 3) You must make at least quarterly payments, with an interest rate set usually at prime + 1%.

15 October 2024 | 6 replies
If there's some kind of trouble between them, it will surely show up again if and when you wish to go forward with an offer.

15 October 2024 | 24 replies
My insurance paid for all of it (well, all that ended up on MY side of the property).

15 October 2024 | 8 replies
People may discuss selling their home with an agent before it’s time to put up a “for sale” sign.

15 October 2024 | 14 replies
The windows, roof, electricals, plumbing systems, and gas lines all need major upgrade to bring the property up to date.

15 October 2024 | 5 replies
I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

16 October 2024 | 7 replies
She can work at one of the big companies here in town for some experience or set up shop on her own.