We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

April was our first month and we did $2498 (our cut after airbnb fee).  

I've put together this excel document after reading Brandon Turners "The Book on Rental Property Investing".

I actually moved from Florida to Columbus for the real estate.

Hi all, For a rental home, tenant says bathroom floor keep getting wet, even though it is small amount. at first, they thought they dropped some water. after wiping water, however, it keep coming back and now they think there is some water leak. my plumber went to check and found no issue with bath sink. he thinks it must be shower leak. the shower was redone last year by a contractor, who i ended up firing since he did not show up to work later. anyway, i hired water damage restoration (Servpro) company to check how much damage there is now. unfortunately, based on my research, it is very hard to find source of shower leak. i am thinking of rebuilding shower. i hired a kitchen remodel contractor and he gave me two options; either fix shower pan only, or (optionally) rebuild shower as well. 

This means that net rents (after operating expense or what they call Net Operating Income -NOI for short) has to cover the mortgage payment plus 25% or more.

After a few weeks of hearing nothing, we hired a permit expediter, who says we can get our permit on Monday.

I like using local real estate agents or someone trustworthy from a local FB group that I vet to be inspectors at my properties. 

If for some reason you can't/don't sell the home within the timeframe after you close on the new home they will buy the home for a preagreed upon amount, then try to resell the home. 

Use accounting software and hire a real estate accountant to do your taxes.