25 November 2024 | 11 replies
i am confident i can manage the relatively small amount of requests, and have heard some good things about apps and software that are a "one stop shop" for landlords that allow payment, leases, and repair requests. i have one out of state rental property with a plethora of options for handymen and contractors around. i have been paying a property management company 8% plus all of their inflated costs of repairs and fees and with insurance going up it has really opened my eyes to my margins not as healthy as i would like.do you have a certain product you have used or use or would recommend?
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26 November 2024 | 2 replies
With multifamily house hacking, you live in one unit and rent out the remaining units to tenants.Why Multifamily House Hacking WorksHere’s why house hacking with a multifamily property is such a powerful strategy:Rental Income Pays Your MortgageWhen you rent out multiple units, the rental income from your tenants can cover a significant portion—if not all—of your mortgage payment.
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25 November 2024 | 6 replies
.$20.27 Subscribe & Save Nippies - NippiesTrying to remain as G rated as possible...This goes to show that no matter how much you fine tune an algorithm, there are always anomalies and outliers...Stay tuned for more when I run things again in a few hours.
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25 November 2024 | 0 replies
Upon the trust’s termination, the remaining assets go to a designated charity.7.
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25 November 2024 | 32 replies
My own thinking is their US passport was suspended which is required to remain in Portugal if you are a holder of a temporary residence card and they had to leave??
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
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26 November 2024 | 6 replies
.• An unauthorized person or persons have unlawfully entered and remain or continue to reside on the property owner's property.• The real property was not open to members of the public at the time the unauthorized person or persons entered. • The property owner has directed the unauthorized person to leave the property. • The unauthorized person or persons are not current or former tenants pursuant to a written or oral rental agreement authorized by the property owner. • The unauthorized person or persons are not immediate family members of the property owner. • There is no pending litigation related to the real property between the property owner and any known unauthorized person.
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25 November 2024 | 19 replies
We have a legal team who alerts us to changes and makes sure we remain compliant.Definitely educate yourself.
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24 November 2024 | 1 reply
If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.
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28 November 2024 | 26 replies
It took a little longer but the rental prices are remaining the same.