Alec Miller
How to scale rental arbitrage
Hi Everyone!I have been doing. Rental arbitrage for the past few months and am up to 6 units that are all performing very well. I see a ton of opportunity to continue to grow (I could have another 6 this week if I had...
Mark A.
What to do with tenant complaining about cleaning?
Just had new tenants move in. We fixed it up and painted it. Sweeped and mopped the floors. Cleaned the floors and fixed everything that needed fixing.The tenant comes in to sign the paperwork and loves it. Within a w...
Account Closed
How to get rid of dead person smell?
I'm working with a landlord whose last tenant killed himself in the unit and was not discovered for two weeks in the middle of summer. The landlord hired ServPro to "clean up" the place but the smell still lingers....
Brent Ludwig
Anybody got and good gross tenant stories? I rented to a booger picker!!
Im in the middle of this on right now. First off the tenant was 2 months behind on rent and I was starting eviction when I went past and they had moved out in the middle of the night. When I went in the carpet were to...
Joel Oh
Write off luxury car under STRs?
Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.My tax advisor said that I will need to prove this car was used for the business.I k...
JD Martin
Experiences "upscaling" your STR for higher rates versus competing on price
Good afternoon all my fellow STR'ers!I have a home in Florida that I STR in Four Corners, FL when I'm not there. It is a good sized home (3000 sf) in a great location on a lake. I've done reasonably well renting it ou...
Ashley Wolfe
Short term rental 4 hours away, How to manage?
My husband and I are about to purchase a log cabin in the Austin, TX area that has been in my family since it was built in 2005. We are four hours away in the DFW area. We have two options as I see it (since I want ...
Derek Snyder
How much to take out of security deposit for drugs + damages
Hello all,This past week, I had a renter move out who has been great until now. After he moved out, we noticed a few things wrong. First, the whole apartment smelled like pot (illegal in Indiana), then we found some o...
Jamie Nason
Will banks take a loss on a short sale?
I just found a 1BR 1BA 650 SF Condo in my area that is a short sale for $100k. Did some digging and 2BR 1BA 850 SF units in the same place are selling for around $120-140k in the past year. HOA fees are $350 a month a...
Curtis Hunter
Is 20% a good starting point?
A guy that i work with and his wife have been investing for 4 years now. Wholesaling for the 1st 3 years and flipping for the last year. He seems to be doing well for himself so I have been asking him a lot of ques...