Christopher Brown
Advice Needed: Dividing utilities between top floor and basement suite
I've just placed an offer on a home with a 3 bedroom top floor and a two bedroom basement suite. In my area, usually basement suites are rented with utilities included. But if I rent the top floor to one family and th...
Dillon O.
Off Market Buyer/Seller Agent Commission -
Im looking to sell one of my investment properties (side by side duplex). I have an agent that I have always worked with to purchase properties, but this will be my first time selling. Im looking to "list" the propert...
Corinna Woodcock
Guidelines for what to expect to pay a CPA for first year LLC taxes
Hello!We were just hit with, what I feel is, an exorbitant tax prep bill of $1850. It's a new LLC with just one NNN rental income source. This cost equals 5.5% of our gross income for the year (nearly 2/3rds of one m...
Salvatore Ross
Deposits and Fees
Is anyone charging a security deposit for guests? If so, how much and why? Is anyone charging a fee for pets? Or baking it into the nightly rate and/or cleaning fee?
Andrew Pappas
Tax and bookkeeping fees
I've been shopping my local area in Wilmington, NC for tax and bookkeeping services, but most fee structures are quite high for the 3 properties I currently have in my portfolio. Separate from their tax filing fees,...
Riley Jordan
Tenant Applications and Pre-screening
What info do you put in the rental property advertisements to help with pre-screening? Do you state that they must provide proof of income 3 times the monthly rent, no convicted felons, no sex registered offenders, n...
Lesley Resnick
Home Warranty
Has anyone purchased a Home Warranty? I am looking for feedback on this idea. The cost is between $400-600. A quad would cost $1,100 ($275 a unit). Typically, the cost of maintenance is estimated in the 1% of p...
Andy Sturm
Sub metering multis and tenants pay their own water
I have a 2 family that all the utilities have been sub metered so each tenant can be billed based on their individual consumption. The water provider will not read and bill sub meters. Therefore, we have a main meter ...
David Tyrone Lloyd
Crowdfunding your first deal
Hey everyone,I have been hearing alot about crowdfunding in Real Estate. My question is how does that work?? Exp. If the apartment complex is 15mill with a cap of 5% how the crowdfunding work? Also how does the crow...
Benjamin Lemieux
What do you charge for cleaning fees when tenants move out?
Hey everyone,
I was curious if anyone had a list of what they charge for cleaning fees when a tenant moves out? Do you have an itemized list if a tenant moves out and leaves things dirty such as?
Stove - $50
Fri...