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Read my story as I explain how one small property management lease omission can cost big bucks.What Happened:I own quite a few rentals in Bridgeport, Connecticut. After heavy rains yesterday, I got a phone call last n...
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A friend is looking for ideas for next deal, here is a financial snapshot - hopefully some of you w experience can give ideas of what you would do in this case. Lives in NJ, works in NYC.- makes 120k, saves 5k clean a...
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Hi, all. First time poster here out of Chicago! My Question; is it legal for me (property owner/landlord) to create a signed agreement with future Tenants that states, when the outside temperature drops below a certai...
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Hello all!I have already heard many great things about House-Hacking, but I would like to hear about things that you wish you knew before starting the house-hacking journey. Like are there any liability issues you hav...
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I’ve had so many requests to tour, it’s overwhelming. Do I have to offer a showing to everyone who shows interest? I can see from profiles that some people won’t meet my credit score criteria. How can I weed people ou...
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How much reserve capital do you keep in place for your STRs? Specifically when scaling. 3-6 months per property or less once you have 4-5 properties? I’ve typically been conservative, but 6 months reserves for 4 prope...
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I contacted a broker about two mixed commercial/residential units being sold individually out of a portfolio of 15 properties. I asked for a T-12 for the properties and was told: "I do not have a profit & loss rep...
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Hi,We have a tenant in one of our properties that we have decided to sell. She is refusing to let anyone in the home due to COVID19. We are located in CT and per her rights we did not show the place from March-May. No...
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Currently renovating an up and down duplex in Denver. Going to do a little house hacking and rent out the bottom unit (1/1). Given the current rental market, trying to weigh my options between a long term rental vs....
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Hi everyone!! Thank you for reading! (also posted in STR forum)
A little about me:
I've saved money for years to buy my first prop and will short term rent/Airbnb. My budget is around $500-700K. I'm preapproved up...