Peace Lily
Tenant to pay off in a furnishing apartment so rent can reduce
Dear BP members,The tenant rented my room with furnishing $850 (I bought the brand new basic furniture for her before she moved in). If the room was not furnishing, it would have been $800. Originally her contract is...
Alexa Ferguson
When Investing in STRs, Don’t Ignore This Important Cost
The short-term rental (STR) strategy is a great way for new investors to get in the game and fast track their journey to financial independence, due to the huge cash flow it generates. This strategy can take on differ...
Gregory Boulet
Two ADU’s for Rent in a capital city
Hello,
I have two ADU’s on my property (one attached, one unattached). They are fully furnished with the attached one with a bar/kitchenette, a private bathroom for the both of them, and a shared laundry room with th...
David Brown
Mid-term Rental in East Dallas
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $413,000
Cash invested: $120,000
This SFR in East Dallas was bought 85% renovated already. The main issue was the ...
Craig Janet
How much extra should you charge for a month to month lease?
I have a mobile home that I'm renovating. Due to a large industrial project in the area, there is a need for short term housing for construction workers. I'm trying to decide whether I want to do a month to month furn...
Katie Szymanski
House Hacking - Furnished vs. Unfurnished Rooms - San Diego
Hello BP community! I am new to real estate investing and just purchased my first single-family home (4/3.5 house). I am looking to rent 2 of the rooms out and am wondering if anyone has experience in house hacking a ...
Wes D.
Second Investment Property in Five Months!
Investment Info:
Condo buy & hold investment.
We closed on our second investment property today! It's a 2 bed, 2 bath condo within 15 minutes of major hospitals in the Cincinnati area. It was already a M...
Saurabha Jirgi
Furniture tax deduction on airbnb rooms
I am planning on renting out 2 rooms in my 4 bed primary residence on Airbnb. These rooms are not furnished yet. I was wondering if I can deduct the taxes on furniture that I buy to furnish these two rooms.Thanks in a...
Mark Miles
Lending Appraisal EXCLUDES furniture!
I'm looking at a particular market and I've heard from a number of people to be careful because most appraisers in this market will under-appraise furnished houses. E.g., if I'm buying a furnished house for $300k, the...
Matt Wignall
Mid-Term Rental 3-Month Lease Superior, WI/Duluth, MN
I have a fully furnished home in Superior, WI. 4bd/2ba 2200 sq ftShould I include…..Utilities? All of them/Some of themBedding? Do I need to supply sheets, Blankets and Pillows?How do I structure the utilities in t...