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17 April 2024 | 18 replies
While you are not required to have a property manager for your long-term rental (short term is a different story), you can only handle administrative functions such as making phone calls, paying bills, selecting a contractor, etc. and must be completely hands off.
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15 April 2024 | 13 replies
I am interested in recommendations for online courses or books (or other sources of information) that people have found useful.
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16 April 2024 | 2 replies
I would need more information to truly answer these questions as there are some nuances here that require further discussion.
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16 April 2024 | 4 replies
There are documents that normally third parties will ask you about your 'status'If you work with a property management company, theoretically, they are suppose to withhold money on your behalf which trigues you having to file a return.You may be required to file a 1040NR which is different than the 1040 form that Citizens / Residents file.
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16 April 2024 | 13 replies
It's opinion based and requires market research, but in general you need to compare prices vs. market rent, size, condition, and homeownership vs. number of rentals.
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15 April 2024 | 7 replies
I would not go online to get medical or legal advice from randoms.
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16 April 2024 | 27 replies
There are some crime maps available online too.
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16 April 2024 | 18 replies
Some umbrella companies have switched their base insurance requirement from $300/300 to $500/500k.
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16 April 2024 | 4 replies
No professional is 'necessarily required' but it is normally a tradeoff between time saving, assurance that things are done correctly for a cost.For me, i can paint one of my rentals, but i decide my time is better spent elsewhere.Best of luck.
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16 April 2024 | 6 replies
I am not sure where to begin. with your septic and well you'll need to do site layout first with a land planner or the county. after that you'll need to check setback requirements and design plans and start budgeting with a builder. once you have a confirmed plan set and budget broken down and builder selected then you can talk to banks. most people think it starts with banks