Gerald Cates
Monthly rentals? How much should I raise the rate?
3 December 2022 | 3 replies
But my properties were/are higher end rentals, so maybe it’s the financial position of the tenant that’s a determining factor.in answer to the OP’s question, if a tenants lease expired and he wanted either a month to month or a 3 or 6 month lease, I would tend to do the following:in a very weak rental market I would be inclined to keep the rental rate the same.in a normal to strong market I’d charge 10-15% more monthly on a 6 month lease, 20-30% more on a 3 month lease, and 35% more for month to month.in a very strong market I would do a competitive rent survey and let that guide me.
Melanie Stephens
Seeking Biggest Mistakes and Lessons Learned Stories (Again!)
28 January 2022 | 134 replies
We were able to work out things with the stucco contractor, the big box store, and get the deck and roof finished with competition contractors.
Bruce Woodruff
Include overhead shot in photos?
1 December 2022 | 16 replies
All I use it for is to inspect roofs and check the number of vehicles parked outside my competition.
Dominic Pizzi
Personality in Lending MATTERS
1 December 2022 | 5 replies
Being a private lender in a never ending competition to get clients between everyone else.
Luis Ramos
Market is DEAD in SE Texas
11 November 2022 | 2 replies
I'd focus on looking who is your competition for both options renting and selling.
Phong Lam
Can Self-Directed ROTH IRA purchase R.E. with tax-free?
14 August 2018 | 19 replies
Account ClosedYes, 80% of the your IRA's share of the income generated by the LLC would be considered UDFI and therefore taxable.You would then apply a $1000 exemption and 80% of your IRA's fractional share of the normally allowable deductions such as depreciation, interest on the note, etc., to reduce the taxable income.The resulting net taxable income is then run through the trust tax table to determine the tax amount.Generally speaking, while there is the UBIT cost associated with the use of debt-financing in an IRA, the net after-tax return should still be better in a leveraged scenario than an all cash scenario.
Connor Stark
Texas Insurance Crisis! How do you respond?
1 December 2022 | 3 replies
We were thinking we'd now be able to find more competitive pricing on insurance.
David A Pennell
Self Storage Investing...what is the best way to get started
18 October 2022 | 11 replies
As one climbs through classes, marketing and competition come much more into play as it is a retail business in addition to a real estate investment.
Nicole Olgiate
Property Manager Looking to Spread Her Wings!
30 November 2022 | 6 replies
How are you better than your competition?
Nathan R Andersen
Overcrowding in Multiple Room Homes for MTR
30 November 2022 | 2 replies
Those thoughtful ideas separate a rental from the competition.