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11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.
13 November 2024 | 5 replies
In general, if there's nothing in zoning or the deed restrictions prohibiting the division of the property, it's mostly just getting it resurveyed and presenting the new subdivisions to the local government (county usually) to have each lot recorded as separate parcels.
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13 November 2024 | 23 replies
If you’re short on experience or financials, bringing in a sponsor with a strong balance sheet and track record can make all the difference.
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13 November 2024 | 8 replies
They want to see a track record of success.
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15 November 2024 | 18 replies
You'd be 100% plus leveraged going into your first deal - no track record - I don't even know anyone that would lend money to you.
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13 November 2024 | 7 replies
If I do this, agree probably best to go with an experienced expediter with a proven track record.
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12 November 2024 | 6 replies
That is if there is no record on the platform of the request.Otherwise you can modify the reservation to add the week and do a payment request for the extra cleaning or bake it into the extra week charge.
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12 November 2024 | 13 replies
What records have helped you to get through it?
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13 November 2024 | 9 replies
Occupancy has remained strong and PadSplit is hitting new booking records regularly.Here are some articles to review in the meantime:1. https://www.padsplit.com/host-resources/news/how-affordable-...2. https://www.padsplit.com/host-resources/news/why-padsplit-is...
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18 November 2024 | 47 replies
I believe that self-managing your property and maintaining detailed records is the only true way to demonstrate your material participation and safeguard your tax savings.