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29 December 2022 | 1 reply
I don't mind used items, but would need delivery, installation, and haul-away of old units.Thanks so much!
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29 December 2022 | 5 replies
Having your past two years' tax filings (if you file independently), a W2 statement (if you have one), easily accessible last two months' bank statements, paystubs (if any), and some other items all in one place ready to share at any moment's notice will definitely save you headaches down the road when you are moving quickly to get approved and into contract on a place.4.
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13 May 2019 | 9 replies
My recommendation is that you screen tenants using a service which offers the full spectrum of reporting (job history, rental history, income verification, credit score, any adverse items as a part of their full credit history, nationwide criminal background check, terrorist list check, sex offender list check and eviction history).
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30 December 2022 | 4 replies
It is unclear if the LLC is a single member LLC or a multi-member LLC.Furthermore, everything regarding the rental are added up and summed and reported on the rental section of the return.Talk to your CPA as items relating to CAPEX and start-up may require to be capitalized.Talk to your CPA if you are eligible to offset rental losses with other forms of income such as W-2.Real Estate Professional status may be difficult for you to qualify if you are a salaried employee working 9-5.There may still be some workarounds.Best of luck.
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30 December 2022 | 5 replies
With cleaners doing 5 cleans per month at ~1 hour each and handymen taking on maintenance items only, I don't see how they would ever exceed our 6-8 hours average per week.We also do not have a PM and self-manage, with little/no automation yet.Between myself and my spouse, we will be putting in at least 6-8 hours per week minimum in the operations of the STR.
30 December 2022 | 16 replies
You have to budget for damage and replacement of those items.
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4 January 2023 | 8 replies
Hey may be charging less than $100 for very specific items to perform, and then charging you more money to perform other things.
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29 December 2022 | 15 replies
To say this is "ridiculous" fee in exchange for $28,800 - $90,792, that statement stands out as the most "ridiculous" item to myself.
3 December 2022 | 18 replies
Itemize everything out in detail and bring copies of receipts/bills to show her anything she wants to see.
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4 January 2023 | 26 replies
The things you reference in your correspondence should reference specific items in your lease (even if its just the nuisance clause).