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7 October 2024 | 4 replies
Deeper Dive into Rental Demand:Here are a few alternative ways to gauge rental demand:Local Property Managers: Reach out to property managers in the area for insights on vacancy rates, tenant demand, and how long it typically takes to rent similar properties.Vacancy Rates: Research the average vacancy rates in that zipcode through local real estate reports or rental listing platforms like Zumper or Rentometer.Rent Growth Trends: Check whether rents have been rising, stagnating, or falling in that market over the past few years.
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8 October 2024 | 0 replies
Data privacy laws like the California Consumer Privacy Act (CCPA) and Brazil’s Lei Geral de Proteção de Dados (LGPD) give individuals the right to know how their data is used, shared, or sold.
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9 October 2024 | 13 replies
So far I've marketed on FB, through my own network and on a rental site that shares to several others like redfin... etc.
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8 October 2024 | 9 replies
If they advertised it as 100 lots, it would seem like they should be open to something.
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7 October 2024 | 6 replies
It just sounds like the BRRRR method but for business.
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8 October 2024 | 1 reply
Furthermore, during the rental period, expenses like repairs and insurance were deductible, but these deductions end when the property becomes a primary residence, with only mortgage interest and property taxes potentially deductible as itemized deductions.In short, converting a rental property into a personal residence can provide some tax advantages, but you’ll need to account for taxes on both the depreciation and the portion of the gain from the rental period when you eventually sell the home.
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7 October 2024 | 7 replies
My thought was that it would be best if she does the primary STR work and log her hours and ensure that she spends more time on the STR than I do (at least officially logged hours... since I will most likely always be thinking about the STR... haha).
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7 October 2024 | 35 replies
If you manage it yourself, tenants likely manage simple fix themselves.
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7 October 2024 | 9 replies
If you’re considering financing renovations, look into renovation loans that cover both the purchase and improvement costs.It sounds like you're making progress in navigating this situation thoughtfully.
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8 October 2024 | 8 replies
In August 2020, I took on what seemed like a great deal—a three-family property in Manchester.