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31 October 2024 | 9 replies
Hello @Tyler Bailey,The decision to sell depends on how the property has performed in relation to the requirements for an income enabling financial freedom.
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5 November 2024 | 28 replies
Next you want to form an LLC that will serve as the management company for your LLC and perform duties including rent collections and sign all contracts on behalf of the business.
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2 November 2024 | 19 replies
So the performance here is really on me.Based on the opinions and realization I’m now leaning towards a middle of the road approach - keeping the SoCal room rental house, get that to market rates (~6% ROE) and 1031 the mountain houses.
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3 November 2024 | 20 replies
Would love to know who else in this post owns a STR in north GA and how they are performing.
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4 November 2024 | 34 replies
If the buyer has proof of completing multiple projects and their real estate agent has a documented business history they are probably not wasting their time playing a game about a POF as failing to perform is just a waste of everyone's time (may have legal fees incurred as well).If it's an unknown newly formed LLC, an offer with minimal cash to escrow, with a shady attorney and realtor, I'd then be taking a hard look at proof of funds.
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5 November 2024 | 34 replies
We've helped a lot of our members trouble shoot and make minor tweaks to their properties to improve the performance.
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1 November 2024 | 19 replies
I would also have a pre and post plumbing test performed.
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2 November 2024 | 8 replies
The setting in which the experience was gained plays a role in determining what constitutes a qualified and responsible person and what types of experience documentation may be acceptable.It goes on to list pretty much anybody related to construction fields, including homeowners you perform work for.
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3 November 2024 | 10 replies
Although it was determined to not be needed, i did a repipe on the property, and performed cosmetic upgrades.
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31 October 2024 | 7 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.