Wendy H.
Self Managing - Move Out Procedures and Tips
23 February 2024 | 2 replies
Hi all, for the experienced self managing landlords out there, I was wondering if folks can share what you do when a tenant moves out.
Sumit Kaul
top things to consider to buy out of state rental properties
26 February 2024 | 7 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Natasha Sykes
Deal Analysis Help
25 February 2024 | 5 replies
Hi, I am in the position to buy a single family historic home with an ADU in the back that currently has a tenant in it paying $1600 a month including utilities.The home has 3 beds and 1 bath and needs some light work such as floors including leveling of one bedroom where the floor is dipping, a few windows, stair repair, painting and landscaping as it sits on a 7000sqft lot.
Jaryn Pierson
Seller Bait and Switch - Need BP's Help !
26 February 2024 | 7 replies
@Jaryn PiersonDid you purchase and sale include the design?
Akhil Patel
Travel nurse units - how often to send out cleaners?
25 February 2024 | 12 replies
You would include this in a lease agreement with your guest.
Jessica Hollingsworth
What to Cover (rental)?
26 February 2024 | 14 replies
Actual cash value is not as good)ContentsLoss of Rents (a percent of the bldg coverage is normally included.
Allan Pan
Seeking Advice: Achieving a 25% CoC Return on Long-Distance STR Investments
26 February 2024 | 25 replies
The way Avery Carl (the author) and the podcast guests describe it, managing an STR seems quite straightforward, though I'm aware it requires significant effort to be successful.My plan is to purchase a property for under $400k, make a 10% down payment, and self-manage it as an STR.Living in San Diego, and given the real estate prices in Southern California, finding a profitable STR locally seems challenging.
Joaquin Santoy
Buying real estate in Tulum?
26 February 2024 | 11 replies
What's more, an increasing number of routes and airlines, including Delta, Spirit, American Airlines, United, Air Canada, apart from the ones currently operating, have announced their plans to fly into Tulum's new international airport.
Alex Kosley
Paying off debt vs. investing in LTR - Thoughts?
25 February 2024 | 28 replies
We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?
Patrick McMaster
STR CPA or Tax Preparer
25 February 2024 | 14 replies
Most common treatment is to treat it like a business =self employment income and then take a huge loss against your ordinary income