Hi all,
Just recently listed my first property on Airbnb and I have a couple questions about taxes. If I understand correctly, Airbnb automatically collects Anchorage muni 12% tax from the guest (see article here) an...
Researching investing in rental property in NC, Triangle area.I'm looking for a duplex. Maybe a triplex or quad.When I'm estimating costs, which utilities should I factor in?Electricity. Out here in CA, tenants usuall...
I have a 10 unit, laundry mat and car wash combo under contract. It's 100% occupied and the extras are functional. It was built in 2007. They have not produced any financials and the realtor is not sure they will. La...
What are people using to collect rent electronically these days?
This is a newbie question - what service do you use to accept rent money when you're managing the property yourself? We're using a property manager right now for the basement apartment we just created in our house. It...
Hows it going BP? I'm currently under contract with my first owner occupied multifamily (house hack), and I'm really looking forward to starting off this REI career. Scheduled to close soon, but I'm still sh...
How enforceable are option to renew clauses in leases? I bought a building in 2020 and the current tenants price per square foot is very low. Their lease expires in August and they have reached out to renew. Their ren...
If the seller agreed to kick back $30k of there proceeds from the sell, for renovation cost on the property. Would you only need the Balloon Payment agreement signed to have the money kicked back automatically?
One of my tenants is coming up on their first lease renewal, so if they decide to stay, it will be the start of their second year. I currently hold 2 months of security deposit for them. I understand that after the se...
I currently self manage my properties. I just have four. I am planning leave town for a couple of months this winter, has anybody had any experience with just giving tenants deposit slips and allowing them to deposit ...