This is the first year I have rented out my townhouse and have a question about filing and wanted others' thoughts. The home was purchased four years ago as a foreclosure and we made many capital improvements such as ...
Hi I was wondering if anyone knows about companies that do nothing but maintenance? I do all the renting myself and collecting of the rents. No issues there but I would love to have the maintenance under one roof so ...
If you self-manage your STR, this post is probably not for you. I own STR rental properties in Gatlinburg, Pigeon Forge, and Sevierville. Over the years I have worked with Turnkey, Amazing Views, Cabins for You (CFY...
In this podcast, Frank says the following:"People don’t buy a single family house or even a duplex for its ability to produce income. They buy it as a place to live and maybe they get some income besides. But people b...
Hi everyone,
One of my tenants recently found a replacement filter for the fridge and wanted me to order more before it expires. It raised a question of whether it’s the tenant responsibility or the landlords to cont...
Hello Everyone!I'm about a 13 days from closing on the 7 unit in San Diego and I'm starting to look for an insurance company for the building. I wanted to know if any of you have suggestions on what to look for and t...
Hi Bigger pockets community. I'm about to close my first property , is a 4-plex in Tacoma/puyallup area. I'm concerned if the cash flow is actually good, any help would be very much appreciate. One of the unit is c...
I was fortunate enough to purchase a multifamily using a FHA loan. It was a short sale in 2015. Purchase Price: $600kMortgage balance: $540k @ 3%Net income: $1600/monthThanks to nice growth in this neighborhood, which...
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
I know the general rule of thumb is that you put aside 35% of your rental income for repairs/maintenance. Is there ever a point where you don't need to set it aside anymore? Common sense would tell me no because thing...