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29 October 2021 | 4 replies
Should I still go ahead with the inspection and hope it is decent work?
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18 January 2022 | 20 replies
Hi Chan,It's the 26th of the month.At least you have a heads up on the lack of money.If it were mine, I'd give them three choices.[1] Come current with any back rent and pay in full on time and stay.[2] Move out before the end of the month and have the lease canceled (due to unforeseen medical expenses).
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28 October 2021 | 15 replies
I think ideally, if you can do a house hack, even if it doesn't come out positive, you will still be ahead.
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2 November 2021 | 9 replies
For instance, I am assuming that any utilities I pay are a straight expense, but what about materials for a kitchen remodel?
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25 October 2021 | 0 replies
My wife and I live in Edmonds, WA, and we own and operate one STR in AZ and we are working on buying our second property (likely in PA or FL).Thinking ahead to our third property we want to explore a partnership model and we need some education and guidance for how to structure things safely for all parties involved.
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26 October 2021 | 2 replies
Make sure the sign off is done before closing then feel confident in going ahead with the project.
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7 November 2021 | 2 replies
I’ve tried to reach out to several tenant/landlord attorneys around town and they’ve either just gone straight to voicemail, or the attorney responded once and then never again.I am looking for someone who is actually responsive.
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26 October 2021 | 3 replies
Hundreds and hundreds of properties and 1 checking and 1 savings (usually escrow, if not a separate escrow) and they will use software to keep it straight. 2.
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22 November 2021 | 7 replies
Some things to think about:1) "I saw how easy it is to get a license here" - low barrier of entry is not a good sign2) "I currently own one rental in Columbia" - you have no idea what you don't knowWhile your enthusiasm is commendable, it won't pay the bills or increase your knowledge.Property management has a "million moving parts" and any one of them can trigger a disaster:(So, you may want to consider working part-time for an existing PMC to learn the ropes.Of course, you can also charge full speed ahead and see what happens...
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3 November 2021 | 3 replies
If the City says no, you know ahead of time and can make the decision to move forward as a 7 unit or back out since you can't get your desired 8.I also invest in Lansing MI.