This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.

Also, when you say you cleared $550k in revenue, where did that put you for your net profit?

Our current manager is in Huntsville and it is becoming clear that we need someone more local to Cullman who can be on top of showing our listings and taking charge of maintenance and repairs as needs arise. 

Instead we live in a society where most are  seeking instant gratification and are lured by short cuts to success which breeds coaching and mentorship designed to take advantage of these desires....how to scale or invest in real estate with no money,  how to buy your first 50+ unit building etc.

Document clearly anything you do to screen the applicant and make sure you do the same for all similar instances.

It felt super dismissive, and it became clear he just wanted me to sign the papers.If I were to do this again, I’d reach out to more agents and have more conversations to find someone who is more empathetic. 

So I steer clear of them and instruct my team to pass those people along to me to handle.I also have nothing more than my word and all of our 80+ all 5 star reviews. 

Kate I see Avalara but from looking at their site it is not clear if they are actually making the payments or are they just helping you figure out the amounts to remit?

Eviction History: No prior evictions are permitted.Requirements to consider: Background and Credit Check: A clear background and credit check is required.

Neighborhood revitalization projects, major corporate investments, and an influx of small businesses were all happening at a pace that made it clear the city is on an upward trajectory.From an investor’s perspective, Detroit offers a unique combination of affordability and opportunity.