Be careful what you post on this message board. There is a reporter around here taking screenshots. These screenshots can end up in the wrong hands. This could lead to lawsuits because you know everyone tries to sue e...
A basic principal in dealing with contractors is to not pay for work until it is complete. With projects with multiple draws to ensure the project is complete it is important to withhold retainage.Retainage is a stand...
I'm currently about half way through the book and it really does have some great information that is so easy to understand. Sure wish my parents had this knowledge to pass down to me when I was younger. He mentions bu...
"Industry standard" seems to be that you pay a percentage of the total lease to the realtor that found the tenant, for the full term of the lease, and that is paid up front.
Why? Why do we do this?
Most of our prop...
I have (had) this tenant who didn't pay, then I sent a 5-day notice, he moved out even before he got the notice. No damage, everything good so far.
Considering going to court, but may be a dead-beat. I don't even know...
As we approach the close of our second year in operation I wanted to provide some updates on our property. We purchased our STR in October 2021 and completed a rehab to place it in service by January 2022. In 2022, we...
A property that I've been following in pre-foreclosure for a year now has a set date for a sheriff auction in about 2 weeks. I've located the lender (out of state if that matters) and contacted them but I'm waiting t...
TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...
In researching a move to Denver, I was surprised to hear that the City rejected a bid to host the 1976 Winter Olympics. I would imagine RE investors would have been outraged by this at the time, but would there rea...
Hi - our apartment is nice and ready to show this weekend. I want to have a consistent list of renter requirements before we communicate directly with the three possible renters who have shown interest. The goal is...