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29 May 2024 | 12 replies
I'd always recommend flying out to where you plan to invest to get a feel for the market and to meet your team in person.
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29 May 2024 | 18 replies
I would find real estate investing meetups in your area right away so you can network, in person, with other people to hear about how they handled their first landlording experience.
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30 May 2024 | 25 replies
Never had to do this ever before There are two ways to do this, google and find a template online or get a realtor that can use some promulgated documents by TR.Per law, no-one can write you a legal document except for an attorney or the person providing the document will be infringing the law.In terms of the tenant leaving there is no point to pursue any legal way and for you to get possession, you create a termination notice and then in 30 days you can take possession.
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27 May 2024 | 9 replies
Andy, I'm sorry to hear that your going through this, I don't personally know anyone dealing with such difficult tenants, but do know several Brooklyn based land lords who got tenants out in order to do reno. or dramatically increase rent.
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29 May 2024 | 4 replies
Maybe take a KPI online test, it will show the personality traits that are success indicators.
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29 May 2024 | 7 replies
House hacking will also give you some personal "property management" experience.
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29 May 2024 | 2 replies
The mortgage is likely also personally guaranteed by current owners.
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29 May 2024 | 20 replies
House hacking will also give you some personal "property management" experience.
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29 May 2024 | 1 reply
Some takeaways from him:Treasury Regulations section 1.280A-2(i)(3) gives a couple of ways you can proportion the rental portion of a property--my accountant used square footage.Under section 280A of the tax code, common areas that you also use are considered part of your personal space and unfortunately aren’t counted as part of the rental space in the proportion calculation.
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29 May 2024 | 9 replies
If the land is separate from the mobile homes, you may be able to see what the county assesses the homes if personal property.