Sandeep Pai
Does having a property manager make RE investment truly passive?
Hey allWondering if the passive investment everyone aspires for is really that passive. What are your experiences in terms of really having the passive experience and did having a PM contribute largely to that?
LEONID ORLOV
Tax strategy for multiple properties owner ..
I own 6 multi-family properties (3-4 units each) all are positive cash flow, I am wondering what is the better approach ?
1. To allocate income/expense to each property on Sch E (as I have done so far) or
2. To decla...
Eric Sipe
Assistant for Property Management
Hey BP,In the future, can I hire an assistant to essentially manage my properties?I know that (in Florida at least) in order to manage a property other than your own, you have to meet certain requirements such as bein...
Jonathan A.
Flipping partnership going to court on debate of renovation costs
I am a general contractor that partnered with 3 investors to flip a house. We all agreed to hire my company to do the renovation and agreed on a set budget and got a contract by my company. My company completed the re...
Account Closed
What do you think of this property?
I called a craigslist ad that I saw today for a duplex and here is the info on it.
It is being sold by a rehab investor so the entire property is rehabed. It is currently empty but one unit has only been empty a mon...
Jake Johnson
Things that erase cashflow to factor in up front when analyzing a property
What I have learned is this.
Note: I am still a rookie and only in the single digits for doors owned.
Big factors that quickly erase cashflow and that may put sizable monthly cashflow even into the negative:
Not b...
Will F.
Short Term Rentals 3-5 units?Outside Management. Is it worth it?
Hey guys I currently have 30 units locally in South Bay, Los Angeles County, Long Beach etc. 1-2 bedroom units.I was wondering if anyone who has several rental units has converted to air BnB short term rentals. If so...
Miles Tiglao
Dealing with suspected PM issues (maintenance bills)
I have a PM that hit me with a large turn-over bill $2-3K. They said they re-painted, did yard work, etc. When I questioned the work (It looked like I got billed for re-painting twice) and asked for receipts and pos...
L. Matthew Perry
Is it time to hire in house support?
Good Day All,I have a question relating to havingProperty management and/or maintenance in house vs using a 3rd party manager.Some Background:I have about 135 units in my portfolio - ranging from SFH - Apartment build...
Collin Hays
What is VRBO’s take?
So let’s assume you have a rental that grosses 40K a year.
Here are your VRBO expenses:
- either $599 per year flat fee or 5% rental commissions.- 3% credit card fee
-3% advance pay fee
- Average of 8% “service fe...