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Are there any upfront cost associated with hard money loans? Are cash reserves required before you can get funded for a hard money loan?
I have a SFR with 2 units. There is only 1 meter for utilities at this property so utilities are included in the monthly rent. I have verbiage in the signed lease as follows:
Utilities – Reasonable utilities are in...
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I'm new to REI so this sound like a silly question. I was wonder when does your PM deposit the rent in your account? My PM get the checks from the tenant on the first and I receive my payment around the 15th(if i...
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New member here from Johnstown Pa. Could use a little guidance in managing utility bills for my single family rental. The water/sewage is required to be in the owners name. How do i collect payment on this? Should...
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Hi,
Imagine the following setup:
->TexasSeriesLLC that holds no assets and serves as the "parent" LLC, single member (me), member-managed, has its own EIN and bank account.
---->Cell1 - a protected series of ...
What is the best rental management software for someone with less than 10 units spread out between single family and small multifam? Preferably one that’s free or not too expensive.Thanks,Robert
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I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
We were selling a vacant home as is through a realtor and had a amended signed offer that buyers could go in and fix peeling paint so appraisal could come out higher. Realtor over the phone discussed it as touch up pa...
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Hi all,Just purchased a house - it is an owner occupied 2-family. The house is a converted single family --> two family. I could use help identifying my options for what to do with utilities. This is the current si...
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Hi,I'm looking to buy a property two blocks from a college and rent rooms to students. Does anybody have suggestions on how to structure leases and how to charge rent and utilities. Any suggestions would be appreciat...