Tom V.
Verbal offers to selling agents?
9 July 2024 | 27 replies
I would never try to circumvent my agent, I'm actually trying to help her by not wasting her time.
Ade Akingbade
First Time Landlord - Section 8
9 July 2024 | 2 replies
Creating a checklist before the inspection can be helpful and crucial in ensuring a successful first attempt.
Account Closed
Does this Triplex make sense for my 1st deal? (WISDOM Wanted)
9 July 2024 | 1 reply
Hey BP family,I am new to real estate investing but would love some experts insights so I don't get burned on my first dealThis is the property: https://www.zillow.com/homedetails/724-N-22nd-Ave-Bozeman-MT...My thoughts are my wife, 8 month old and I could live in Unit A for a year or two while we rent out Units B & C to help cover the mortgage payments until we build/buy a more desirable family ranch home with min 10+ acres which we've been looking for but have yet to find.My hesitation is I've never been a landlord and am reluctant to get in over my head with property problems while simultaneously growing an online business and being a new father.After some negotiation we counter offered 895k with a 2-1 rate buy down for 20k and the sellers have verbally accepted but since our offer expired we need to resubmit.
Leticia Ramos
How To Properly Inform Tenants about ADU's Being Built on Property
9 July 2024 | 6 replies
We were thinking about having a management company or other professional help generate a letter with details about the scope of the work.
James Carlson
Hot tubs boost your STR revenues by 34% ... and other AirDNA findings
8 July 2024 | 12 replies
Super helpful thanks for posting.
Gina Rocillo
Big Bear STR
9 July 2024 | 5 replies
Hope this helps, and let me know if there's anything else I can do!
Ethan Clay Lesperance
Turning a primary residence into an airbnb.
10 July 2024 | 10 replies
Properly addressing these aspects will help you avoid any legal or financial issues.
Bekhzod Yunusov
How to find good tenants and how to screen them
9 July 2024 | 3 replies
I usually ask potential candidates to review my screening criteria before arranging a showing or submitting an application.INNAGO not only helps you market your properties but also assists in screening prospects.
Shane Allman
Escrow account for rent Question
8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.