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27 June 2024 | 7 replies
Personally, I would avoid any sort of Airbnb arbitrage.
27 June 2024 | 9 replies
It means an extra call/text for whoever is giving notice or letting the person in, but it will make sure it doesn't happen again.
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27 June 2024 | 2 replies
I have personally seen subs who specialize in storm water management systems as well if that's something that is necessary.
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27 June 2024 | 26 replies
It's similar to how you report it for tax purposes in years where you aren't selling it, you report 50% (or whatever % is allocable to each side) as rental property and depreciate that 50% while the other 50% is your own personal residence and therefore is not part of Schedule E.
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25 June 2024 | 31 replies
I paid 600K (appraised at 700K) for this place and only brought 8k to closing with me personally since I also got a commission.
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26 June 2024 | 3 replies
I am a licensed local property manager in the greater Asheville NC area and looking to locate PM's in the area who may be looking to retire from the business and sell their book of business.
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26 June 2024 | 3 replies
I have not found one opportunity yet that gives me an ARV of 75%.Any professional investor will tell you that if you go over that the amount of work that you have to put doesn't worth the return.My latest was found in the MLS where we got a better deal than what I was getting from wholesalers.Let me clarify that the wholesaler business is needed, but it seems at the lack of deals they are putting the pressure to then investors.
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27 June 2024 | 2 replies
The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.
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26 June 2024 | 11 replies
Our current property manager is not cutting the mustard (not enforcing late fees, slow to fill vacancies, etc.) and I would very much like to replace her with someone who will approach our investments with a more business minded attitude.
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26 June 2024 | 33 replies
Do you even know how to operate in a customer service oriented business?