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14 November 2024 | 5 replies
Any hurdles or was it fairly straight forward?
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13 November 2024 | 9 replies
The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.
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17 November 2024 | 30 replies
By default depreciation is straight line taking a flat amount per year based on the expected life of what you are depreciating.
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14 November 2024 | 5 replies
For the most part its just health and safety items, which are items we should have remedied anyways.As someone else mentioned, biggest thing to avoid is having the house tagged as vacant which the city will do if it sits empty for too long (handful of months, grass not cut, etc).
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14 November 2024 | 19 replies
I converted my STR back in December to avoid the newly increased Hotel Occupancy Tax (9% monthly) and to cut out my STR PM (10%/monthly).
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13 November 2024 | 4 replies
Talk to your insurance company - depending on your deductible and potential increase in future insurance you may or may not want to put in your own claim.I would also probably consider cutting my losses and getting rid of the tenant asap.
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20 November 2024 | 31 replies
Two things I have seen, one form of Gator lending is indeed loaning money to wholesalers for EMD for a cut of the action.. either interest rate or profit whatever they can all negotiate.
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16 November 2024 | 12 replies
Invest the rest.Now you've got income, a primary residence situation that's crazy advantageous, a piece of rental real estate you can cut your teeth on, minimal or no personal debt, and some active working equity investments.
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14 November 2024 | 11 replies
Are you thinking government spending is going to actually get cut and inflation was just a flash in the pan?