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What activities actually matter for real estate professional status? (REPS)
4 May 2024 | 3 replies
Material Participation Activities:Property Maintenance: Engage in repairs or construction work on the property to maintain or enhance its condition.Contractor Management: Oversee the hiring and coordination of contractors or handymen for property-related tasks.Tenant Interaction: Communicate with tenants regarding lease agreements, inquiries, or property issues.Property Acquisition: Invest time in property search and evaluation processes, including visits to potential investment properties.Property Management Tasks: Perform activities typically handled by property management companies, such as rent collection or property inspections.Non-Qualifying Activities:Educational Pursuits: Time spent on real estate education or training programs does not count towards material participation.Investor Hours: Hours dedicated to investment analysis, financial planning, or portfolio management are not considered material participation.
Jacqui Casey
Resort / Golf Cart Community for STR
4 May 2024 | 10 replies
HOA management companies seem to be increasing fees for no reason except to hold more cash without actually making improvements.
Amber Marchman
Real Estate Professional Log hours
4 May 2024 | 1 reply
I'm looking for a spreadsheet or tool to use an example to log and track hours spent on real estate Managment.
Derrick Williams
OBX Rental Purchase
4 May 2024 | 19 replies
OBX is a great place, but it will take a very long time to be cash positive based on its current pricing, management fees and the short season.We were going to also use it during offseason but its just a pain to get too.
Jared Stone
Looking for DSCR Loan for 6-unit in Birmingham, AL
3 May 2024 | 8 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
David Freed
Moving to Dallas - Evaluating Richardson / Carrollton Markets
6 May 2024 | 13 replies
Price range, what you intend to achieve in the future, or the preference of managing the two rental units are some considerations for choosing between an apartment complex versus a single house to live in for life.
Sheila Kennedy
How can I conduct a tenant screening for a person that is moving here from Canada?
2 May 2024 | 2 replies
They omitted listing her on the application.
Adrian Pedraza
Managing and Tracking MLS Offers
3 May 2024 | 1 reply
For those of you making a decent amount of MLS offers every month (15-20), how are you tracking and following up on your offers? Any good CRM's you could recommend? Every time I have more than like 10 offers out I sta...
Evelyn Allasi
Is investing in University area of Akron a good idea?
6 May 2024 | 15 replies
The age of the housing stock coupled with the inexperience of a student tenant might make it difficult to keep up with maintenance without a strong property manager.
Wendy Jiang
Renting to Dental School Students
2 May 2024 | 2 replies
Hi all, I have recently received multiple applications for my property.