
2 May 2024 | 10 replies
I did a pretty conclusive poll of about 14 lenders of all sorts and each and every one wouldn't allow larger loans for operating STRs.

2 May 2024 | 7 replies
It helps keep the tenants and property safe as well as allows the PM/Owner to be as proactive as possible to catch any issues.

30 April 2024 | 9 replies
Hey @Amir J Reichental, There are small pros and cons to this: Home Address:Pros:Privacy: Providing your home address keeps your personal information private, as it's not tied directly to your business.Convenience: If you're already receiving mail and other communications at your home address, it may be more convenient to keep everything in one place.Cons:Risk: Using your home address exposes it to potential risks associated with the property owned by the LLC, such as lawsuits or creditors targeting your personal assets.Tax Implications: Depending on your jurisdiction, using your home address could have tax implications, especially if you're claiming any tax benefits or deductions related to the property.LLC Address:Pros:Asset Protection: Using your LLC address helps separate your personal assets from your business assets, providing an extra layer of liability protection.Business Image: Using the LLC address for business-related documents can help establish credibility and professionalism for your company.Cons:Public Record: LLC addresses are often part of public records, which means they may be more accessible to anyone who wants to find information about your business.Mail Handling: If you don't have a physical presence at the LLC address, you'll need to ensure mail forwarding or a reliable method of receiving important documents.Ultimately, the decision depends on your specific circumstances and priorities.

2 May 2024 | 2 replies
Rather than force your solution or product on someone and beat them down (your original approach), find the people who need it and allow the sales to come to you.

2 May 2024 | 6 replies
This strategy allows you to spread out the lead removal costs a bit perhaps not having to remove Lead from two out of three units, and only removing it from the unit where you happen to accept a tenant that has children.
2 May 2024 | 17 replies
Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.

2 May 2024 | 8 replies
I'd love to make it to REI meetings, but my schedule won't allow.

30 April 2024 | 15 replies
Understand how they slipped through the cracks - did you allow them to book even if you got a bad feeling, priced too low, last minute booking, etc?

3 May 2024 | 32 replies
This can allow you to learn an area at a much deeper level without the major investment of purchasing a property.

2 May 2024 | 9 replies
Both you and your husband (and also your immediate family members) are considered disqualified persons to your 401k, so you are not allowed to provide any services to the plan nor receive any personal benefits from the investments of the 401k plan.