Luke Davis
First Potential BRRR in FL - Any insight appreciated!
26 September 2024 | 2 replies
I'm sure there may be plenty of other metrics we are not taking into account here and if so, please let us know what other critical items we should be looking at!
Keith Mintz
STR by the room?
25 September 2024 | 9 replies
I do manage some small apartment complexes and generally there are not too many issues, but not zero.Also, for me as a PM I have fixed costs per unit, so to have 5 listings in 1 house would be cost prohibitive.Just food for thought, good luck!
Ryan Marble
3 most valuable tips for owning an STR in and around Orlando.
27 September 2024 | 22 replies
Make sure the home has quality furniture and items that don’t fall apart in a few years.
Daniel Loane
Filing taxes: when to expense vs capitalize for vacant rental property
27 September 2024 | 9 replies
Hi Daniel, you can still expense the following items out in 2023: travel, meals (50%), gardening, and tax consultation.
Aaron Sweat
ADA Units and Their Market Value
26 September 2024 | 17 replies
Anything that is already there you can highlight in your listing, but people who need these items generally don't move around a lot after paying to put them in wherever they are living.
Patrick Shep
End of year tax strategies?
25 September 2024 | 7 replies
If there are items you need to replace and they are less than $2,500, you can take advantage of the de minimis safe harbor election, which allows you to deduct those costs in the current year rather than capitalizing them.
Artiom Bic
Buying Section 8 Properties
27 September 2024 | 12 replies
They will provide you with a list of items, do them.
Karolina Powell
First time interested in a larger multi-family - how do I verify financials?
26 September 2024 | 17 replies
Aside from the items that you already suggested, the only other thing you can use to verify the stated income is the seller's bank statements (not all sellers will release their bank statements, but some will).The expenses will vary a bit from owner to owner, so you're better off reaching out to a local property management company to get an understanding of how much things cost, unless you plan to self-manage the property.
Jack Pyle
The Fed lowered Rates by 1/2%!! Why aren't mortgage rates coming down.
23 September 2024 | 1 reply
Food for thought...
Jason Fontela
MTR Arbitrage Rental Agreements
24 September 2024 | 2 replies
The lease already spells out the property owner's responsibilities regarding who is responsible for the repair of certain items like the fridge and AC.