Farrah Buff
Airbnb Cleaning in Washington DC
Hi all--we are looking for feedback from short-term rental hosts in the Washington, DC area. We host 2 airbnb properties (2 apartments in the same rowhouse) and are looking for someone to clean when we have Sunday tu...
David Adler
Keep my place - Good Strategy?
Hi BP!I have an idea in my head and I need some insight from experts.I bought my apartment in 2008 and now my family has grown and we have to move. I always had the idea to hopefully be able to keep this one whenever ...
Bill Gallagher
Bank accounts for STR
Wondering how people set up their bank accounts. My lawyer & accountant said to have separate accounts for each property and not to transfer to personal accounts. I'd like to follow profit first method of banking,...
Account Closed
The Emotional Ups and Downs of REI
When I got into sales as my first job out of college my dad used to always say "It takes a certain kind of person to handle sales."
I'm not sure if I am that certain kind of person yet, but I think its possib...
Joshua Strickland
Reserves (how much is too much)
How much reserve capital do you keep in place for your STRs? Specifically when scaling. 3-6 months per property or less once you have 4-5 properties? I’ve typically been conservative, but 6 months reserves for 4 prope...
Lance Jorgenson
Where to put Cash Reserve
Where to hold your Cash Reserve and money you are building up to buy more properties? I have mine in a regular savings account making 0.75% interest. Is there a better place to put money that is flexable but makes mo...
Abby HINES
Newbie - Accidental BRRRR. Need financing advice with next steps.
One year ago, I took out a HELOC on my personal home to buy a condo. I rehabbed and rented it. The loan and the condo is in my name, not an LLC. The condo has now doubled in value (from ~$200k to ~$400k) due to the...
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Start Up Property Management/Beginner Landlord
Well I close in a few weeks on my first rental. It is a duplex with a current tenant and I will occupy the other side (owner occupy). I have tons of books all of which I have read cover to cover, however I would like ...
Joe Stout
Running Income and expenses through an LLC
Hey everyone, I've been told a million times to start running my income and expenses through my LLC. What is the purpose of this? I am worried about running it through my business and then becoming less "bankable" to ...
Sean Steward
Investment Properties and Checking Accounts
I am currently brainstorming strategies and ways to get into REI and came across a question of, "when I buy an investment property or properties, and I'm not starting an LLC or corporation so I'm not opening a busines...