John C.
Short Term Rental Pro Forma Spreadsheet
I am an aspiring Short Term Rental investor looking to get feedback on a pro forma spreadsheet. I am looking at properties around the Joshua Tree, CA area. Please see spreadsheet link below and feel free to use it as ...
Matthew Raines
Closing on STR on 12-20-23. Plan on putting into service in 2023. Write-off available
I am closing on my second STR on 12-20-23. I plan on purchasing a decent amount of furniture/supplies in 2023 to try and get it listed on Airbnb before 12-31-2023. If I am able to put it in service (i.e. have it liste...
Bryant Hull
Curious, how are you handling "Service Pets"?
Occasionally we have applicants with service pets with a not from a physician. Wanted to hear what other management companies or landlords are doing. Thanks!
Kelvin K.
LLC - Registered Agent suggestions
So I am planning to self file papers for an out of state LLC (not sure which state yet).
But I am looking for suggestions on a good national Registered Agent Company. i.e. reliable, forwards mail promptly. Note that ...
William Taylor
On the fence about electrical service upgrade
Hey all!Closed on our first multi family a few weeks ago. We currently have each meter separated out, but has 100A service. The units have electric furnaces, electric water heater, no washer/dryers, and the range is g...
Chris Kendrick
How to refinance and what banks
How do people people use the brrrr method when they do the cash out refi part, meaning normally you go to a small credit union to do it, but most banks only allow like 4 investment properties you can refi, so how are ...
Chris Erwin
Lease Lock?
I just stumbled across this service. Supposedly if the property manager uses Lease Lock to approve a renter, Lease Lock will guarantee rents up to the value of the lease in the event the renter defaults. It sounds nic...
Mike G.
What happens between bank/note holder post-foreclosure?
Let's say a bank gives a loan on a house, but there is another entity that actually has the Note - maybe the entity loaned the money via the bank or the bank sold the Note to that entity. Then the property goes into ...
Johan Garcia
Do You Automatically Qualify for REPS If You're an Employee in a Real Estate Business
This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.
Generally, being an employee in a real estate business does not automatically qualify you for REPS unle...
Mitch B.
Applicant wants copy of background checks.....
I've got an applicant that has decided not to rent my SFH but would like a copy of the background outputs from Mysmartmove that he paid for as part of the application process. Is it legal for me to send a copy back to...