2 January 2025 | 11 replies
What do you do to ensure that the tenant is responsible for security deposit disputes since that is the largest reason for owner lawsuitsHow familiar are you with the newly changed laws that can affect you the owner if they are not used correctly?
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22 January 2025 | 203 replies
@Nicholas L.Unfortunately James I am not convinced you are correct.
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26 December 2024 | 7 replies
You need to maintain a fund to handle those unforeseen expenses
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26 December 2024 | 7 replies
You should ensure the property is inspected regularly, maintain climate control to manage moisture and temperature, and address small issues like leaks or cracks early to prevent costly repairs.
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2 January 2025 | 30 replies
Being listed on multiple OTA allows users that use alternate OTAs to see your STR and could provide a higher ADR even if you end up lower ranked of the OTAs.Basically it comes down to having all your eggs in a single basket and is too risky for my liking.i am one of those STR owners that corrects anyone that refers to my STR or STR business as an AirBnB.
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29 December 2024 | 15 replies
Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.
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30 December 2024 | 24 replies
That fee is based on the amount of work completed but is somewhere between $150-$400 typically.As far as the 10% fee charged during the first month that we lease a property, you are correct that is a part of our fee structure.
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27 December 2024 | 3 replies
To thrive in real estate investing, you must maintain a firm grip on your finances.
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10 January 2025 | 22 replies
He is disrespectful, had over 30+ liens and city fines from failing to maintain his properties.
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24 December 2024 | 9 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.