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16 April 2024 | 3 replies
My current portfolio is in the Twins Cities and Duluth, MN however Im open to other locations as long as it comes with a strong property management referral that I can connect with.
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16 April 2024 | 1 reply
These platforms allow you to list your camping sites and manage bookings, providing exposure to potential campers.Liability and Insurance: Before proceeding, consult with a local attorney or insurance agent to understand your liability exposure and ensure you have adequate insurance coverage.
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16 April 2024 | 9 replies
House hacking will also give you some personal "property management" experience.
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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
Outside of that, you can easily be duped by Google or local property managers.
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16 April 2024 | 20 replies
Buying out of state can seem a little out of your comfort zone at first until you see it can be managed.
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16 April 2024 | 18 replies
You still have utilities, HOA, replacements, sundries, pool cleaning, property management etc.
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18 April 2024 | 33 replies
Also, here's an update:Spoke to a Property Management Co. based in Northeast Philadelphia:They said that you will have to wait the 4-6 weeks to get the license and then the Certificate, apparently it does take them that long.I also spoke to a Philadelphia 3-1-1 line Government representative:He said alternatively you can walk down to the Philadelphia Municipals building and directly request for Rental License, however, he warned that you need to bring a MONEY ORDER for the dues as well as it taking 4+ hours on a business day.
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16 April 2024 | 8 replies
(Search for the Due on Sale clause in a mortgage and you'll see plenty of threads and opinions on that but it is very common practice).I would focus 99% of your time on finding the right area and property, as well as team - agent, Property Manager (@Stephen Glover is a very good start on this one btw), banker, Contractor, etc.
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16 April 2024 | 12 replies
Would you still be living in the area and managing it yourself?