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10 February 2025 | 10 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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1 February 2025 | 1 reply
Even with that, I think we will still be way ahead. 2 bed, 1 bath, 1200sq/ft, detached 1 car garagePurchase Price: $38,000Repairs: $20,000ARV: $96,000 (based off Zillow, but a local real estate agent thought that was pretty accurate)Mortgage: $430Insurance: $55Trash Included: $25Rent: $1,000We are now going through applications for our first tenant.
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3 February 2025 | 14 replies
You can include moving and storage costs in the charges.
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25 February 2025 | 17 replies
It cannot be offset by rental losses, including cost segregation.
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11 February 2025 | 167 replies
So, unless the Seller is equally inclined to speculate (including the idea of accepting that same 20% deposit using say, a specific sized bar of gold at today's price), it's no surprise that most Sellers still like "stable currency", right?
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18 January 2025 | 1 reply
When evaluating markets for rental properties, there are a lot of factors to consider: population growth, employment rates, rent to price ratio/GRM/Cap Rate, rent trends, vacancy rates, etc.
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30 January 2025 | 5 replies
Tenants should pay utilities - they're consuming those and landlords should 'inspect' what they expect on a quarterly basis and that includes verifying that utilities are current.
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25 January 2025 | 1 reply
(It was Hollywood and everybody has dogs)2) Somebody tried selling the appliances that came with the unit which included the fridge, dishwasher, stove & microwave.3) We were recently affected by the fires and had to evacuate, some tenants refused to evacuate even after police forced them to because they were "tougher than the fire".Have you heard of those horror stories about tenants completely trashing apartments and feces all over the apartment?
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18 February 2025 | 17 replies
I'm offended that nobody included me in in this conversation.
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29 January 2025 | 4 replies
Alternatively, if you’re using QuickBooks Online with a plan that includes the "Payments" feature, you can collect rent directly through QuickBooks while staying on top of your bookkeeping