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24 January 2025 | 8 replies
You've learned:1) The basics of landlording2) That it's not for youNow, how can you apply your landlording knowledge to "manage your manager"?
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29 January 2025 | 9 replies
in a vast interview process with many steps before allowing someone to move in. a new roomie is an everyone-decision, not a landlord-only decision; if you're expecting people to co-exist in a space together (for longer than just a few months), you have to make sure they all have some things in common, or at minimum have the right expectations in terms of cleanliness and routine habits.someone working the night shift and someone else having a 5am rise-time, or someone who works from home in a call-center job is not going to jive well for example. and someone who doesnt handle conflict well is not going to jive with someone who is brutally honest and up front about issues. happy to go into more deets on how we do things if it will help. this can certainly be lucrative in terms of cash flow, but there are huge mud puddles i have stepped in over the years which i have had to learn to navigate.
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9 January 2025 | 8 replies
Assuming your property is in Utah (like your profile indicates), here's the state law from a basic internet search:In Utah, a tenant who abandons a rental property without notice is liable for the lesser of the following: The rent remaining on the leaseThe rent plus the difference between the fair rental value and the agreed-upon rentThe cost to restore the property to its original conditionThe landlord can also remove the tenant's belongings and sell them if the tenant doesn't claim them within a reasonable time.
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15 January 2025 | 13 replies
It's been illuminating to see who the valid owner of each property is; there's a landlord leaderboard on the site.The direct value proposition allows lenders to track a list of clients or companies in real time.
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26 January 2025 | 51 replies
RISK is the potential for loss. and who in their structure of 3% acquisition fees, 3% asset management fees, and lord knows what pref/split fees they charge is bearing the RISK when only the LP is bringing any capital to the transaction?
8 January 2025 | 3 replies
., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.
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4 February 2025 | 17 replies
A land contract has been signed in the county between me and my buyer documenting this transaction.
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8 February 2025 | 34 replies
I recommend you call a local agent or broker to give you a better lay of the land so you understand the challenges/opportunities in this area.
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27 January 2025 | 56 replies
Quote from @Cliff Benner: @James Carlson what cities or counties are you seeing, in the more mountainous areas of CO an hour outside of Denver, that still allow STRs if you live on the land the cabin is on?