Joseph O'Sullivan
Real Estate Newbie - Introduction Post
20 March 2024 | 23 replies
Have you considered investing out of state for investing in cash flowing deals?
Jagpreet Singh
Buyers agent and property managers in Ohio
20 March 2024 | 13 replies
Ohio has emerged as a primary focus in my extensive search across various states (I have looked into many states).
Mohan Deep
Tenant moved out, filed for bankruptcy
20 March 2024 | 16 replies
I am not a lawyer but you are likely required by your state law to give a receipt of work completed if you are keeping their deposit.
Austin Siewert
Late fees? Pet Rent? Acceptable Vacancy Rates?
20 March 2024 | 9 replies
Late fee amounts and timing are often affected by state law, so be wary of implementing the answer someone gives you.As far as vacancy rate, 5%.
Marlia Stone
Water Damage and Broken Pipe
19 March 2024 | 14 replies
(there are plenty of articles/resources online on how to winterize a house)--but, at bare minimum, the heat must remain ON .
Jack B.
Thinking of selling my properties off slowly over time.
18 March 2024 | 15 replies
But it was before and it's picking up again now.Properties are in Washington state, greater Seattle area but not in Seattle proper, not landlord friendly area still....I'm early 40's and tired of being a landlord or being tied to the area I don't want to live in anymore due to having to manage the properties (PM too expensive).
Account Closed
NY area home sellers must make disclosures under updated law
20 March 2024 | 0 replies
New York home sellers must make disclosures under updated law in shift away from 'buyer beware'For the past 22 years, Long Islanders selling their homes could avoid answering detailed questions about their property by giving a $500 credit to buyers.They no longer have that option starting Wednesday, when new changes to state law take effect.
Joseph Almeida
LLC bank account while being recognized as a S-Corp
20 March 2024 | 5 replies
I formed my business as a LLC in November 2022 my accountant then formed an S-Corp with the same business name in march 2023 NY state back dated my S-Corp to November 2022 I didn't know I needed to open a new bank account with my new S-Corp tax ID #.
Dana Powell
Recommendation of lenders who use leases vs market rent for DSCR
20 March 2024 | 15 replies
As stated above, some lenders have no dscr options.