Aaron Kuehmichel
Who pays when Tenant requests 220 volt electric dryer hookup; 110 and gas provided?
29 December 2024 | 13 replies
I think Natural Gas dryers have 110V outlets but electric only dryers are 220V w/30 Amp breakers, if I'm remembering correctly.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
This is fun if you’re tracking correctly.
James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
But with that many less people in LA county now than 2020, you'd expect the decrease in demand would be enough to correct the supply/demand imbalance locally...
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
Tiffy W.
Do you suggest renting PO Box to collect rent?
1 January 2025 | 32 replies
I am admittedly a newb in the process of getting all of this set up for my first rental (so correct me if I'm wrong) as well but I have some IL-specific perspective to offer: From what I have read, as of 1 Jan 2024 in IL, landlords cannot exclusively accept EFT payment of rents (includes Venmo, Zelle, etc.) for leases starting on or after that date.
Craig Parsons
Hot mess with a renter/squater how to get hew out ASAP
8 January 2025 | 20 replies
You want to make sure that each step you take is correct and well founded to ensure the best resolution possible for yourself.
Jeremy Jareckyj
ALE Solutions/Mid Term Rentals
20 December 2024 | 3 replies
From what I've heard, one of my clients hesitated at first because of the upfront cost, but within two months, she had locked in a family for six months and the rent more than made up for it.Proactive Communication: Sometimes, the squeaky wheel gets the grease.
Bryant Xavier
STR vacancy ideas
27 December 2024 | 8 replies
Plenty of opportunities if you price your place correctly and you offer better options then local hotels.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
Quote from @Joe Villeneuve: Quote from @James Hamling: @Victor Tofilski I can't tell you exactly why it hasn't leased yet but I can pick it apart and give you detailed road map of every deficiency I notice and how to correct.
Keenan Patton
[Calc Review] Help me analyze this deal
26 December 2024 | 4 replies
You're certainly correct, this market it pretty awesome, which brings in a lot of competition.