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1 July 2024 | 3 replies
My insurers reimburse me for what I didn't use; it can take a few weeks for the check to come, but that's just cash flow management then.
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1 July 2024 | 4 replies
If people are getting free electricity and water, they tend to be a little less frugal :) .Then check on insurance costs for a MFH and add that to your projections.Finally, talk to your contractors and see what requires permits, what their experience has been in getting them to pass inspections, the timeline and the cost.Factor all of these into the decision to move forward or leave as is - maybe advertise it as a 4/1 with a home office with outside access and get more rent that way.One last point - I hope that the addition you mentioned was done with permits and is reflected on the tax rolls because if not, you may open a can of worms you wish you had not.
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1 July 2024 | 10 replies
Until then, I still have the capability to take a sizeable line of credit to which I can use for the mentioned BRRRR strategy I chose the buy and hold strategy for several reasons:1.
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1 July 2024 | 13 replies
You set up the "master" LLC in your preferred state and then put individual, local LLCs within the series LLC - like files in a cabinet - in the state that you own the property.
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1 July 2024 | 10 replies
Make them pay the full deposit and first month's rent (proves they can afford it) then give them the reduction the second month.4.
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1 July 2024 | 7 replies
So they would cover part and then your tenant would cover the rest.
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1 July 2024 | 14 replies
While down, installed a new Encode, fired up the Schlage app, then integrated it into Remotelock and everything worked good for a month.
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1 July 2024 | 29 replies
And if you think that you could just give them more points on screening so they are more likely to get your place then other professions, without a discount.
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1 July 2024 | 23 replies
So your paycheck goes into the MM fund, then once per month, you automatically move money to your checking to pay bills.
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1 July 2024 | 0 replies
Many of us get frustrated self managing and seek a property manager for various reasons.For me, it was a combination of problem tenants for one of my properties, then a few months later I moved across the country and came to the conclusion that hiring a full time PM would be my best course of action to maximize efficiency on my properties.