Cade Antonucci
What do you use for security deposit set ups?
26 February 2024 | 6 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
Landon Mizuguchi
Looking for CPA I have a couple multifamily and 1 STR
26 February 2024 | 5 replies
We as a firm have investors working with us who have rental properties all over the US big and small.Finding a real estate-focused tax professional and one who can help with advisory and grow with you would be my suggestion to focus your efforts on finding.
Robert Mendenhall
Older area home issues
26 February 2024 | 16 replies
Look out for leaks and consult plumbers and electricians for assessments.
Dan Durusky
Moving, sell or rent old house?
26 February 2024 | 4 replies
Property taxes here around around $10k/yr so around $800/month.
Denise Lettau
Just starting out
26 February 2024 | 11 replies
So far, I am in the midst of purchasing a couple of mortgages and I have purchased tax liens and deeds.
Jacob Zivanovich
Am I Running the Numbers Correctly?
26 February 2024 | 13 replies
I am also including the taxes and insurance while running the numbers.
Kris Realander
Anyone offering a vehicle rental with their STR?
24 February 2024 | 16 replies
I am sure that you would think that the Turo contract would help with that, but seeing as you are providing it as a service in addition to your STR, I can see issues if there is a problem.Plus you are offering significant services with that rental and that would change your tax situation.
Benjamin Carver
Lessons from my 1984 renovation
26 February 2024 | 3 replies
.- Document everything (receipts for taxes, all the work that you did yourself via photos and video, and your expenses in an excel sheet to make sure you're on track.
Josh Brost
General Curiosity - What is the Sentiment on your STR Property(s)?
26 February 2024 | 42 replies
Unexpected thing is actually coming from property tax rather than the performance of the STR itself, we still get 99.99999% fully booked.
MJ Jav
300K..Invest in San Antonio (TX) or Raleigh (NC)?
26 February 2024 | 13 replies
I like Texas, but the only thing that holds me back is the higher property taxes compared to North Carolina.1- Money: ok to spend 200-300K (prefer to put only 20-30% down) and invest in a couple of properties than buying one in cash2- Prefer cash flow (of course, appreciation would also be great)3-Prefer SFH over duplex just because with SFH (in a good neighborhood), I probably would have less headache and dramaHere are my questions:1- Which city do you invest in and why?