Tanya Maslach
Contracting set up for mid term rentals in Kansas City, MO
15 October 2024 | 2 replies
Ideally, looking for 'standard' contracting for the state that is aligned with local / municipal /state laws pertaining to tenant and landlord regulations.Thank you.
Diaz Principe Nicolas
STR Hosts challenges
16 October 2024 | 13 replies
Property tax, occupancy tax, personal property tax, business tax, permit/inspection fees, higher than standard utility fees, ever-increasing fees by the platforms.
Christine Watson
How to Estimate the Insurance
16 October 2024 | 2 replies
Plan on 1800-2900 for standard rental home.
Ken Primrose
Best strategies for converting equity into cashflow
16 October 2024 | 2 replies
Maybe 5% would be my threshold but still would take putting lots of cash at risk for pretty moderate returns (by real estate standards).
Andy Sabisch
Question on adding cleanliness in a lease
16 October 2024 | 1 reply
I had one particular vendor with high standards that would exaggerate anything he found.My rule of thumb: people can live how they want to live as long as they are not 1. damaging the property2. living in filth that attracts pests3. impacting the neighbors (e.g. odors, junk detracting from the neighborhood, etc)4. creating an unsafe situation (e.g. hoarding and rescue workers can't access the home)When I visit a property, I document any issues and talk to the tenant.
Imani Naomi
Where to start - Multi-Family or Single Family Homes?
19 October 2024 | 16 replies
Although rents increased by 2% annually, the purchasing power of this income is equivalent to $4,325 in today's dollars.Year 10: $5,000 x (1 + 2%)^10 / (1 + 5%)^10 ≈ $3,742Year 15: $5,000 x (1 + 2%)^15 / (1 + 5%)^15 ≈ $3,237Year 20: $5,000 x (1 + 2%)^20 / (1 + 5%)^20 ≈ $2,800Due to rent increases failing to keep pace with inflation, you won't be able to maintain your standard of living.
Edward Heavrin
Paying off a rental aggressively. Pros & Cons?
20 October 2024 | 84 replies
Now I've finally hit a much more steady patch (knock on wood) now that they're all renovated and up to a certain standard (new roofs, hvac, etc).
Malik Javed
How to Allocate Land vs. Building Values for Investment Property
17 October 2024 | 4 replies
A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.
Brandon Gale
How do you handle unreasonable reviews?
18 October 2024 | 29 replies
What I did to combat this was make the review standard clear to guests in all your messages to them.
Yoana Yordanova
I can't find renters for my townhouse in Atlanta, GA
26 October 2024 | 50 replies
I fired my property manger in 2 months after they did not perform to my standards.