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27 June 2024 | 11 replies
I've depreciated it over the years so it's been a good investment for tax purposes and we've also leveraged it previously to purchase another rental before we refinanced it in 2021 at 3%.
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24 June 2024 | 8 replies
I can hear the wheels run over the tile as they ride back and forth (in an 800 sf apartment) for what seems to be like hours some days.
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28 June 2024 | 5 replies
We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.
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27 June 2024 | 2 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.
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29 June 2024 | 11 replies
Finding and Funding Good Deals" - really good book on helping you get properties for a good price even in this type of market.I would consume these as quick as possible over the next couple months, it will definitely give you a boost.I started in real estate AFTER the covid boom, and I'm doing well off.
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24 June 2024 | 3 replies
I have 1 rental property that is a duplex as a house hack and the tenant that has been living there for about 3 months now is giving me some problems(not anything that cant be talked about and solved over conversation I just dont want it to get worse) and I want to go and sit down with her this upcoming week to have a formal meeting(not at the house) just to talk about some things, where could I do that.
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25 June 2024 | 5 replies
(he said there is 100 amp panel)My concerns of keeping it as a rental is liability if I don't replace everything with drywall...which would prob kill the deal for me.
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27 June 2024 | 6 replies
Over the years, I've learned that the lowest bidder is not always the best work and has often cost me more to do it right later.
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27 June 2024 | 26 replies
You are speculating that it will happen when you need it.Would you buy a stock that requires you pay it $800 per month, hoping it appreciates over time?
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27 June 2024 | 1 reply
Ensure the property manager is meeting your standards and expectations.Secondary question: Old Listings:Established Reviews: Old listings have a history of reviews, which can attract more bookings and build trust with potential guests.SEO Benefits: Established listings may rank higher in search results on OTAs.Brand-New Listings:Flexibility: New listings can be optimized from scratch based on current best practices and market trends.Promotions: OTAs often give new listings a visibility boost to help them get initial bookings.It's essential to balance the benefits of a property manager handling OTA listings with the need to retain control and flexibility over your property.