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26 February 2024 | 5 replies
However, a good realtor should help make sure you don't buy something using unrealistic numbers.An agent that I spoke with actually informed me of the information regarding the 7% rule.
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27 February 2024 | 26 replies
The rules and laws are not the same.
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25 February 2024 | 7 replies
Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.
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23 February 2024 | 2 replies
What are the IRS special tax rules for installment sales(seller financing)?
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26 February 2024 | 9 replies
a few points above 5 or is there a rule that you follow?
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25 February 2024 | 8 replies
SA has plenty of rules.
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24 February 2024 | 28 replies
Set clear house rules, take lots of pics, and communicate like crazy.
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24 February 2024 | 27 replies
I'm looking to create a property management company for STRs in the area of Texas where my cabin is, the Hill Country.
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25 February 2024 | 6 replies
One thing that has worked well for me is spreading my budget over a 5+ touch campaign where I send mail to the same list multiple times to stay top of mind and create some familiarity.
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25 February 2024 | 2 replies
Hey @Joy Kurutz,Given we are accountants, we cannot promote our services on BP as its against the rules.