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18 May 2020 | 1 reply
Now I am looking to do the same work in Florida.I am looking to see if there is anyone on Bigger Pockets who might be able to get me in contact with a realtor, or short term vacation rental manager to understand the following:- Local Rules and Regulations- Various Association Dues- Tax Information- Connections to cleaning crews, maintenance team or a full service property management- Resources in area to perform market analysis - occ rate, adr, etcThank you in advance for the direction you may be able to point me in.
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23 May 2020 | 12 replies
I only read the regulations before.
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20 August 2020 | 10 replies
I think when stay at home regulations were enacted that you should have postponed the notice to vacate.
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19 May 2020 | 5 replies
Anyway, besides the great revenue it was projected to make on airbnb, the other reason we took on this project was because it was zoned commercial so even if Birmingham decides to regulate airbnb (currently it does not), the zoning code allows for a short term rental already anyway.
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11 June 2020 | 56 replies
I will make sure I can easily raise the loan amount within 30 days, so in cased this loan becomes troublesome (due to new regulations), then I will simply pay off the loan.
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19 May 2020 | 0 replies
Building a property would increase the likelihood the work is done the correct way and would have the most modern update amenities in order pass current regulations / laws, while also having the units look the way I envision them.What are the pros and cons to this approach?
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19 May 2020 | 5 replies
And, if you live in the unit, you may not need to abide by certain laws and regulations for tenants.
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24 May 2020 | 3 replies
At which point a lot of the rules and regulations probably become more involved.
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19 May 2020 | 1 reply
This is based on temporary regulations, but you only need to meet 1 of the 7 tests - 500 hours is one, but there are 6 others that are likely much easier to meet.For all of this, you should have a call with a CPA/EA with strong experience in real estate, outline your circumstances in detail, and see where you fallAs far as what hours count... really any services provided that you would consider "work" in real estate, but of course there are exclusions for work you are doing specifically to hit the hours or "investor" activities such as reviewing financials.
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23 June 2020 | 9 replies
@Cameron Riley this is definitely a frustrating position to be in as an investor, but I really don't recommend going that route:1) They are not trespassing2) Threats rarely get you the desired results and usually just incite the tenants to leave your property in especially poor condition when they do eventually move3) It's especially counterproductive to threaten a tenant with something that is factually inaccurate, such as calling a holdover tenancy "trespassing" and mistaking it for a police/criminal matter4) You should contact an experienced eviction attorney to understand your options and the likely timeline and cost of this process5) Some people will tell you to offer cash for keys, I generally think this is a poor option and rewards bad behavior6) I recommend checking out property management options in your area so that next time the matter can be handled effectively and efficiently within the parameters of the relevant law and regulations and without the emotional investment that leads to wanting to make threatsGood luck!