If revenue is low, I am trying to find out if there is a problem that is fixable with new mgmt, or if the property is a dead end from the beginning. 

I don’t intend to invest it all and I didn’t want to wait until my dad is dead to get him, what he would consider, “free time”.

I am buying my first house hack.I’m almost at closing and the appraisal says the stove in the mother-in-law suite is not up to code and needs to be removed before closing.Is this whole deal dead?

Hello,
A tenant was recently evicted because they stopped paying a few months into the lease. They came from out of the city/ state and I believe that is where they returned to. The eviction was uncontested and has b...

I was dead set on not being one of those 9.

So we have identified and signed a P and S for a new property to be constructed  by July 1, 2024 with a drop dead completion date of Nov 1,2024.  

And actually, you dead-wrong in your assumption, my STR-Arbitrage tenants ARE insured.

Decided we'd pull the trigger and buy the home, we spent about 1 month and half weeks renovating (40k in total).We listed July 2nd and got our first booking July 3rd here our final numbers for July Gross Revenue - 6.45k ( including cleaning fees )Florida Power & Light - $200Water Bill - $400 ( high because we did a lot of pressure washing and watering dead sections of grass )Cleanings - $249 ( I decided to take on the cleanings after 2nd rental )A/C malfunction - $749 ( during renovations we didn't change the filter enough and to much dust got inside )Mortgage - $3,600 ( 9.35% interest + taxes and insurance with a 3yr pre penalty fee ) Net income - $1252Any suggestions would be greatly appreciated wether it be upgrades, photo selection, finance or you just hate it over all let me know!

All I know is it will be over my dead body if anyone ever holds any of the software licenses over my head again - Our business will control that aspect 100% so nothing like this happens again - I'd hope this could serve as a lesson to others out there - DO NOT LET AN ACCOUNTANT OR BOOKKEEPER SELL YOU ANY ACCOUNTING OR BOOKS SOFTWARE ACCESS OUT  OF THEIR WHOLESALE ACCOUNTS as I had no idea QB and after doing a bit of reading XERO has the same thought process that you are just screwed if someone decides to hold you hostage.Yes I could have started over but who really wants to spend hours trying to get everything to sync correctly again - I had multiple things tied together via automation. 

The problem with the tech world is your all wrong, dead flat wrong.