Our original estimate for renovations was $35,000, but we ended up spending $52,000.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

In this week’s post, I am turning it over to Brent Voepel.I got into a conversation recently with people in the industry about the price of property management.

Costs of business has increased dramatically over the past 20 years and liability has increased notably.

Now it's well over $2M.As a result, buyers of moderate means were forced out in concentric circles. 

@Landon LehmannStart by setting your goals, like wanting quick cash or money over time, and picking the kind of property you want.

I have been in the process of 1031'ing the C class properties in my portfolio and have been moving these over to STR.

Quote from @Kyler J Sloan: My rentals made over $150,000 net cashflow last year, but my tax returns showed around $10,000 income because I wrote off all the LEGAL deductions.

The ones i am finding seem to be pricing us very high as we are out of state. need someone who is fair, quality work, and wont F### us over lol

Apparently, there's been 2 drug overdoses there which included one death previous to me taking over the property and it seems that drug activity is a regular part of what goes on there.