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25 February 2024 | 4 replies
I don't know if this makes it easier or more complicated, but our upper level may not have any gas services at all (husband is going to the property tomorrow to see if upper water heater is gas or electric, and whether washer/dryer in each unit are gas or electric).
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26 February 2024 | 28 replies
Given most towns don't have a lot of septic companies, I would call around to ask if they had serviced that address and if so when.
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26 February 2024 | 42 replies
We have a 3 day stay which cuts down on partiers, but actually chatting with guests provide a level of customer service they appreciate and allow us to make sure they have a great time while keeping tabs on possible troublemakers.
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22 February 2024 | 12 replies
Hi Glen, I’m not in Maine but just across the border in NH.
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25 February 2024 | 13 replies
get an umbrella policy to protect yourself, see if you need a rental license in your municipality. an LLC is only for insulating you for liability and anonymity, it will not save you on taxes and you really dont need to worry about it with one property imo . you cant protect a single property from lawsuit, insurance is what covers you just make sure you’re up to code. insurance will always look for a way to get out of covering an incident.if you register, you’ll want to report the income. if you make less than expected after deducting costs, then it’s time to raise rent. you wont be able to reduce more to reduce other income streams since you're not a full time real estate investorin the future if you ever sell, because it’s a rental now you will owe capital gains on the property. philly is probably like ohio and not california with it’s YoY growth being tied to inflation. with that said your profit is mainly going to be the equity you build from your tenant paying your mortgage. the money earned monthly should be saved as youre doing in case you have a capex repair/replacement come in like HVAC, roofing, etci advise you pay for an hour to speak to a CPA to better your options.good luck
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24 February 2024 | 30 replies
One main reason is because the cost of properties outside of California and much more affordable.
25 February 2024 | 7 replies
Others have used Prime Corporate Services and enjoyed what they had to offer as well.
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25 February 2024 | 13 replies
You’ll meet many lenders, lawyers, and service providers in all shapes and sizes.
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24 February 2024 | 4 replies
Hi, @John Tran feel free to DM me I will send a reference for a CPA that covers cost segregation and services in the Atlanta area.
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24 February 2024 | 1 reply
Again, they are mainly focused on safety and construction issues for this loan type.