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15 February 2024 | 6 replies
From my experience, people usually do a fine job with revenues and expenses, but mess up the accounting for assets and liabilities.
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18 February 2024 | 31 replies
It's up to you to decide if that extra effort is worthwhile.I believe the Airbnb vs Furnished Finder question really differs based on your market.
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17 February 2024 | 25 replies
We told him we would give him an extra day but would be there on Wednesday to walk through, collect the keys, secure the house etc.
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17 February 2024 | 7 replies
Only do this if you're prepared to fix whatever else the inspection uncovers, but inspectors are usually helpful and friendly when you ask for the inspection and not from a tenant complaint.
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15 February 2024 | 23 replies
I'm considering getting out of the Mid-Term Rental Game.I purchased 30 apartments (two 10 units, a 6-unit, and a 4-unit) for the purpose of running them as Mid-Term rentals.Currently, half of them are being run as MTRs while the remaining are still LTRs.My MTRs average $1,600/month while the LTR rate $900/month.Now that I have some data, I wanted to compare apples to apples for MTR vs LTR revenue.After adjusting for the increase in Insurance, my VA for communicating managing, and supplies/increased repairs it's looking closer to $1,200 for MTR compared to LTRs $900.It's a lot of extra headaches for $300 more per month.I'm also having trouble refinancing these properties because banks hate seeing anything but LTR.
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19 February 2024 | 44 replies
It is usually 88 degrees year around.
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16 February 2024 | 4 replies
My initial thoughts are to spend money upgrading the kitchen and master bath; granite countertops, tile backsplash, maybe a pot filler over range, tile shower, extra windows?
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16 February 2024 | 8 replies
The extra financial commitment doesn’t worry me, its just the amount of debt that I will have that makes me nervous.
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16 February 2024 | 16 replies
The self-filing mistakes don't usually appear until you get a letter from the IRS, sell the property and need to fix it, or talk to other real estate investors and then realize you are missing out on thousands of $ in tax savings to save a few hundred $ in filing fees ...
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17 February 2024 | 25 replies
We usually don't go with those institutions anyway...but your tenant may not know that.