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2 February 2022 | 14 replies
Most PMs handle collecting rent, evictions, advertising and placing tenants and maintenance and repairs.
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28 October 2021 | 6 replies
You can do a 1031 exchange from investment property to a secondary home as long as you meet the 2 criteria: -You can only use the home for 2 weeks out of the year for personal use-You must collect income/ rent the home for 2 weeks out of the year for investment use.
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29 October 2021 | 2 replies
They only collect rent and communicate with tenants, not enough to take care of a property and the tenants.
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3 November 2021 | 8 replies
They find you a lender and facilitate underwriting and collect a % commission at Closing which is about 1% of loan amount (the last I heard).
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11 November 2021 | 8 replies
What systems worked best for you in terms of book keeping and automated pay collection?
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29 October 2021 | 8 replies
Collect rent via ACH transfer (using Zillow?
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6 November 2021 | 2 replies
We collected cash flow on the property for a few years and did improvements to the property when the leases turned over so we could raise rents.
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1 November 2021 | 3 replies
My partner and I both know accountants from other businesses but neither of us have been impressed and we are looking for another option.
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1 November 2021 | 20 replies
Although I collect rental income from our long term tenants, the lenders consider it "Border Income" and will not count it.If I buy a STR, will the income generated from that count as income when qualifying for another mortgage?