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6 April 2024 | 15 replies
That gives a clear consequence to the tenant, and also gives the property owner a clear reason to evict (if necessary).If you're unsure about the legalities or the best approach, consulting with a property management company familiar with local laws or a real estate attorney could be invaluable.
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5 April 2024 | 8 replies
For those following a STR rental arbitrage airbnb strategy (or homeaway or vrbo), in which you're airbnb-ing places that you've rented from someone else (with the owner's / landlord's permission, of course): do you report the income on Schedule C or Schedule E when filing your taxes?
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5 April 2024 | 2 replies
you should get a RMLO or an underwriter to qualify the borrower. if its owner occupied and in florida you also will need to use a third party servicing company to service the loan which will run you around $450/yr. not an accountant but its my understnding unfortunately the interest income is going to be taxed at ordinary income and the principal will reduce the principal. how you offset the losses talk to your CPA.your best bet honestly is to just sell it and bite the bullet.
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1 April 2024 | 4 replies
Hi all,I have a rental property with a no pet policy.
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5 April 2024 | 0 replies
Well it rented it for a year and told the owner I wanted to buy it if he put it up for sale.
5 April 2024 | 9 replies
If your loyalty means something and brings you satisfaction, maybe partner with the current owner for a portion of ownership in the team.
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5 April 2024 | 37 replies
On the issue of Airbnb laws in Colorado ...In every instance where a Colorado city or county had a permitting process for investment short-term rentals and then changed and passed an ordinance prohibiting non-owner occupied STRs, the existing STR permit-holders were grandfathered in.
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6 April 2024 | 5 replies
When it was listed for sale in 2019 it was also marketed as easy conversion to 4-plex, but the current owner didn't do the conversion so I wonder why).
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5 April 2024 | 7 replies
At the opposite end there are Class C & D properties that have higher rates of nonpayment and PMC has to charge owner.Inspection Fee: these used to be included in Monthly Fee, but as owners have pushed Monthly Fee down, many PMCs have compensated by charging for these.Most owners fail to understand the amount of time it takes a PMC to properly manage their property(s).
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5 April 2024 | 1 reply
Wondering if anyone has experience extracting information from PDFs of Tax Delinquencies / Code Violations.It is really tedious to copy the information out, and trying to find the properties and owner information manually.What sort of tools do you use?