Thanks I think if you're checking comps throughout the year and finding your rents are below market, at renewal time you can bake in small rental increases to set expectations or raise rent once at renewal (assuming one year leases).

with an 1880s wood building (age of many 2 flat buildings) it’s not if you have rotted wood but where. for me it was a constant battle caulking/replacing windows spraying insulation to keep cold air out and conducting yearly termite inspections. you might still have some of these issues with brick buildings but you have more time (fix it this year as a opposed to right now) @Mark Ainley curious if you have any other anecdotal reasons why brick is better than wood- i know i’ve heard this come up on the podcast numerous times

Hi @Andrew Hinspater,I have been setting up my last couple LLCs in Wyoming.

I currently have a house 3 bed 2 bath in one of the best neighborhoods in Cincinnati. I paid 325k for it with 5% down in June 2023. Comps for this house fixed up are now trading in the 5's.. My mortgage is 2.8k and it...

Do you also have money set aside for major expenditures on the house? 

Effectively, you would claim depreciation for a portion of the year depending on how you set things up initially during the year you purchased the property.

By highlighting these achievements, I motivate others to have faith in their abilities and boldly chase after their aspirations.Influencing others through action and proof involves setting a strong example.

You can do most of the screening process and background check part from afar and get a new tenant set.

Your bank can give you instructions to share with tenants so they can set up direct deposit from their bank to yours, without software.

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