Denise Sieg
Average percentage used on operating expenses when evaluating
Hello everyone I would like to get a sense of what percentage (5-10%) you allow for maintenance cost, cap ex & vacancy when analyzing a property I realize it’s based on property condition and other factors but let...
Noah Willard
Should I rent to a tenant with a medical issue?
I have a possible tenant who meets all the requirements but they have mentioned they have MS and that they have had trouble renting due to this. Are there any issues I could run into by renting to this person?
David Ounanian
What is the standard for raising rent?
The standard for raising rent varies depending on local laws, regulations, and rental agreements. However, there are some general guidelines and considerations that landlords typically follow:Check local laws: Diffe...
Alan Bosca
Charge prior tenant's security deposit for carpet issues?
Hi -
I have a 1 3/4 year old carpet with some stains - my new tenant is requesting a replacement carpet. I think the new tenant is being a tad picky, but my question is if it is fair to charge the prior tenant for re...
Sky Cornell
What does a proper partnership arrangment look like?
I am a Realtor, Contractor, LTR/STR Investor and Property Manager. I get asked all the time by friends and family to "go in a property together" but I can't seem to find a scenario where that makes sense to me. I kn...
Chris G.
Good Handyman/ Vendor In Alachua County FL
Wanted to post and see if anyone had a recommendation for a good fair handyman around the Alachua County Fl area. Hard to find ones that can get to jobs quickly or have a fair price, they also need to be willing to wo...
Chris Seveney
Bookkeeping / Accounting Software
As my note business continues to expand, I am looking at upgrading my systems that I am using. I have converted from slack to pipedrive for CRM which has been a great experience. My next goal is to transfer from excel...
David Burns
Flipping - mileage as cost basis?
I'm a relative novice investor but I have done several flips and currently have one rental. I do my own taxes but have always struggled with where/how to expense mileage to and from the properties I'm working on. I ...
Josh M.
Rental Property Tax Strategies - First Time Filling
I apologize in advance for the number of questions. I have tried to phrase them in such a way that it provides my conclusion and I am mostly looking for confirmation.If a CPA wants to do a quick review my return and d...
Nicholas Bacon
Introduction - Newbie Investor
Hi All,
Been a member since 2020, but not very active. I finally have my first deal done and generating income. I am trying to review the process and see what lessons learned can be gleaned from the whole experience...