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3 April 2024 | 2 replies
Gap funding, or providing down payment money for someone to purchase property with no capital of their own is way too risky for the return in almost all cases.
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6 April 2024 | 11 replies
We modeled out at various nightly price points using 50% occupancy and the property would likely provide a nice return.
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6 April 2024 | 13 replies
If there is a lawsuit or claim, the claimant's attorney, as well as the claimant's insurance (such as the insurance provided by Airbnb/VRBO), will look to prove and demonstrate your liability in the loss.
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5 April 2024 | 3 replies
Hi John, Real Estate Websites and Platforms: Websites like Zillow, Realtor.com, and Redfin can provide a wealth of information on current listings, recent sales, and market trends.
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5 April 2024 | 12 replies
Hey Kyle,I'm not sure about the listing, but a few things to consider would be to offer virtual tours or video walkthroughs of the property to provide prospects with a comprehensive view of the space, especially if in-person viewings are limited or not feasible.
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5 April 2024 | 4 replies
I don't ask for SSN and also personally have never provided/been pressured to provide them myself when I used to rent, and honestly don't want to open up liability for having to keep someone's SSN either.
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5 April 2024 | 8 replies
Thus since in both cases you as a short-term landlord are merely providing basic services to your short-term guests (and receiving passive income in return), I would think this meets the requirements for Schedule E and I would think that you can report the income on Schedule E even if you don't own the property, thus avoiding the 15.3% self-employment tax?
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6 April 2024 | 15 replies
However, she still has not signed her lease and I think she is doing it out of spite to provide a feeling of control, IMO.
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5 April 2024 | 2 replies
We'd be incredibly grateful for the chance to pick your brain and learn from your experience.Here's how we can provide value:We're dedicated and eager to learn.We're happy to assist with research, analysis, or any tasks that might benefit you.We bring a fresh perspective and a willingness to hustle!
6 April 2024 | 5 replies
Then, you’ll pay the agent (say 3% for the sake of argument, $5,400, since they’ll be doing a lot of work for you on this - I’d order that prelim/TRIO with my escrow company, and help you find lien records if any, plus provide all the contractual guidance to make sure you don’t lose your earnest money).