Steve Fitzgerald
Tenant requesting lower lease
I have a single family house with an in-law apartment. There are five bedrooms, three bathrooms, two kitchens, and two living rooms. I’m giving background on the house because it’s not a typical SFH. I have a renter t...
Julie Fullmer
House hacking with Grandma?
So my Grandma is 90, I am the one who is able to take care of her. (I need to go move her out of her hoarder type house clean it etc ) We have been overseas for 3 years and are moving to Yuma in December. How can we ...
Tyler Bond
Got my first absentee list, I got a question.
Hello,
So i got my absentee list off of ListSource today. It gave me what i searched for. However, I have a question I need cleared up. It shows the "Owner 1 Label Name" on every address, "Owner 2 Label Name" on a lo...
Michael King
Self management income reporting, how to?
It might seem obvious, but you don't know what you don't know.I started self managing my first rental in October last year, how should I report the income to the IRS? Just tell my CPA and he'll take care of it? Or is ...
Mitchell Rivard
Starting is the hardest
Investment Info:
Single-family residence buy & hold investment in Reno.
Purchase price: $225,000
Sale price: $230,000
My wife and I bought this when we got married and moved in. When we bought th...
Stephen Rooker
Moving a Property into an LLC
I own a couple investment properties, but both of them were purchased under my name (as opposed to an LLC) due to the simpler process of acquiring a loan. I realize that having properties under my name poses a lot mor...
Joel W.
Realistic Tenant Credit Score
Hello, I'm developing a business plan for my REI and I'm wondering what credit score do most people use to determine potential tenants? 780,740,720, 550???? Is the score or the record what concerns landlors most?I pla...
Alex Corbishley
Gifts for tenants this year
This year more than ever we thought it would be appropriate to give something to our tenants. If you paid on time all year and had been with us since Dec 2019 we gave them $100 gift card to a local business. Half th...
Jeff Thompson
compensate work done by rentors by reduced the rent?
Hi, I'm contemplating giving the renters an opportunity to work off part or all of their rent by helping manage the property. (who cares more about the property than those who live there?)
I figured we'd go month ...
Damara Montaque
How to protect your investments against a market crash
I was reading in one of Brandon Turners books about how he will only purchase a property for 20% less than what it’s worth in order to protect against a market crash. My question is, will the market not drop less than...