16 September 2024 | 3 replies
Just evict them with damages, clean it all up, and rent it out again.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
16 September 2024 | 6 replies
Evolve Vacation Rental:Evolve is known for being hands-on with STRs, providing everything from marketing to booking management, guest communications, and cleaning coordination.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/186677/small_1731946472-avatar-rehabberguy2014.jpg?twic=v1/output=image&v=2)
16 September 2024 | 12 replies
They recently cleaned house of a lot of the corrupt people and for now the wait times are worse than before.I had one project in a historic district- remember that the historic district department has a different intake deadline than the regular permit department.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3046144/small_1717979811-avatar-rajas28.jpg?twic=v1/output=image&v=2)
15 September 2024 | 7 replies
The reletting charge doesn’t release Tenant from continued liability for future or past-due rent; charges for cleaning, repairing, repainting, or dealing with unreturned keys; or other sums due.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3091624/small_1722637808-avatar-rachell204.jpg?twic=v1/output=image&v=2)
16 September 2024 | 10 replies
Appraisal comes back clean and not 'subject to' (your lender can help here).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1332331/small_1694564363-avatar-praveeng6.jpg?twic=v1/output=image&v=2)
13 September 2024 | 10 replies
Good morning GP, If your property sells for $300,000, your "net sale price" after deducting your routine selling expenses (brokers commission, title, escrow, closing attorney, documentary transfer tax, etc.) will likely be around $275,000 (ish).
16 September 2024 | 9 replies
Hi all,I have a single family home I purchased in June 2021 for 200k.Aside from cleaning up the yard, painting, and new water heater there have been no improvements.I recently got a letter that my taxes are going up as they believe the property to be worth 225k as of June 2022.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2741070/small_1697099282-avatar-davinp3.jpg?twic=v1/output=image&v=2)
16 September 2024 | 12 replies
One leaves and it’s $10,000 to clean up?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2983325/small_1716739103-avatar-marcs233.jpg?twic=v1/output=image&v=2)
15 September 2024 | 11 replies
The key factor is ensuring the property qualifies for favorable tax treatment by adhering to IRS rules regarding short-term rentals and material participation.For the 7-day rule, the IRS requires that:The average guest stay must be seven days or less for the property to qualify as a short-term rental.If the average stay is 30 days or less, you must provide substantial services similar to what hotels offer, such as daily cleaning or concierge services.Regarding material participation, to further classify the income as non-passive, you must meet one of the following criteria:You spend more than 500 hours actively managing the rental in a year.You manage the business yourself and spend at least 100 hours, with your involvement exceeding that of any other person involved in the rental.Please note there are actually 7 ways to qualify, the above two are the most common.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2452440/small_1695543708-avatar-skylers33.jpg?twic=v1/output=image&v=2)
11 September 2024 | 15 replies
As a private lender myself, this is something we routinely fund in my markets because of this lower asset levels.