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22 October 2024 | 18 replies
And while it is not the sexiest, maintaining your W2 job and working hard to get promoted and earning more, even if that means changing jobs every few years, is often times a faster approach to create investable income.
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18 October 2024 | 10 replies
Majority of our landlords don’t want the section 8 approach since it is so time consuming to get approved and get a tenant in however they tend to be the more long lasting tenants and then you never have to chase your money as long as you maintain the property
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17 October 2024 | 4 replies
95% of part-timers fail because of the same reason.
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19 October 2024 | 16 replies
Being that you already have property management experience and feel confident in your ability to manage a single-family or multifamily property, it really comes down to your financial position.If you have a good amount of cash available to put a down payment towards the purchase of a property and maintain sufficient cash reserves (or if you have a partner you can work with who does), then there's nothing wrong starting off with a multifamily property.
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23 October 2024 | 28 replies
They prevent bedbugs from entering or escaping mattresses.Routine Inspections: Regularly check mattresses, bed frames, and furniture for signs of bedbugs (small black spots, eggs, or live bugs).Furniture Choice: Choose furniture with metal or plastic legs instead of wood, as bedbugs are less likely to infest non-porous surfaces.Bedbug Traps: Place bedbug traps under bedposts and other furniture legs to catch any potential bedbugs before they become a problem.Professional Cleaning: Schedule routine deep cleans between guest stays, and if you ever suspect bedbugs, hire a pest control professional immediately.Clear Guidelines: Educate your cleaning staff on how to spot bedbugs early, and encourage them to report any signs immediately.These steps will help you set up a smooth, well-managed STR that’s ready to generate revenue while maintaining a good relationship with your LTR tenants.
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22 October 2024 | 17 replies
If you're going to keep it a rental, you want to "maintain to the neighborhood", NOT your personal preferences (or that of your siblings).What's the estimated cost of any required repairs?
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18 October 2024 | 12 replies
While working, I shifted my focus and started doing BRRRR projects on the side while maintaining my 9-5 job.
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18 October 2024 | 8 replies
As long as you and your CPA maintain thorough and accurate records, you should be in good shape.
17 October 2024 | 15 replies
I am a full time real estate professional and my spouse as a state employee W2 paid job.
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17 October 2024 | 2 replies
How do you find contacts, reach out, market and then maintain your relationship with them?