Deal H.
Turnkey or BRRRR?
27 November 2024 | 48 replies
Most likely you don't know much about the ground level work and must trust your professionals to give you the right advices for you to make decisions on.
Ana Mills
Separate credit cards for each airbnb? Or is that complicated to track?
20 November 2024 | 13 replies
Hey @Ana Mills, this ultimately depends on what your current portfolio looks like, your entity structure, and your plans to scale or not.If you have a few STRs and no plans to grow, it's beneficial to have separate bank accounts and credit cards for each property.If you plan to scale to 10+ properties and hold each property within it's own entity, maybe just a checking account per entity and keep some credit cards at the holding company level.
Michael Calvey
Automate Your Short-Term Rental and Get Your Life Back: A Step-by-Step Guide
19 November 2024 | 5 replies
One thing Airbnb and VRBO can not do is help schedule cleaning and maintenance tasks, owner accounting reports, and direct booking options that hosts need to go to next level.
Andrew Fidler
Anyone else having problems with LMHA Section 8 in Toledo???
22 November 2024 | 9 replies
I haven't been expanding my business with LMHA since the end of 2016 per my posts above so I don't know exactly what changed, but I expect the outsourcing of inspections to private industry + some executive level leadership + replacement of staff with new faces excited to serve the needs of HUD/Landlords/Those In Need has resulted in an agency I will develop more business with.The HCVP will always be a double edged sword for landlords (See Section 8 Bible discussion) but for now I have discovered it is finally worth the effort to participate in the program.I specialize in Toledo's transition neighborhoods, discounted houses on the edge of nicer areas but also on the edge of trash...the Section 8 program allows me to get long-term tenants who are a good business model provided they are consistently managed and visited/inspected for additional "visitors" (relatives and random dogs/cats) and damage/housekeeping which can destroy a home if left unchecked.You need to know the rules, repair and renovate for long-term durability, prepare for inspections thoroughly and keep a team of contractors who will hold those standards...after 8 years we have been through a hundred inspections.
Amanda Skipper
First time out of state investor
23 November 2024 | 38 replies
My personal favorite production level are single agents doing between 18-40 deals a year that have a investment or work a decent amount of investors. step 2 at 9 AM on a weekday send out a text to each of them explaining what your looking to do and asking to set up a time to talk.
Ally Gao
What is the best alternative for carpet flooring
19 November 2024 | 9 replies
If the subject floor is not perfectly flat, pour a self-leveler over the existing flooring (read the instructions on the bag FIRST).
Rafal Soltysek
RE investing strategies
18 November 2024 | 6 replies
No one can answer questions like this because the strategy depends on the investor's level of interest, financial framework, location, and many other factors.
Kaven L.
Should a PM walk the property before dispatching a plumber?
21 November 2024 | 21 replies
To protect the floor or more importantly the lower level ceiling in the case of a leak/overflow form the washer. 99% of them never do anything their entire life. i would have balked at a $500 estimate for that job.Ps.
Albert Johnson
Can a tenant break the lease for health issues?
20 November 2024 | 9 replies
This can help with limiting the time your unit sits vacant.These situations can get tricky, but I always recommend staying level headed during your interactions with the tenant.The worst case scenario is the tenant ends up unhappy that you don't want them to break the lease early and/or they don't want to pay for an early lease break (hopefully defined in your lease agreement with them) and ends up damaging your property, costing more, prior to their actual move out date.
Lauren Schultz
Knob & Tube and landlord property insurance
18 November 2024 | 1 reply
Just on one level.