Mikel Kaubfa
$ held for security deposit
I had two tenants move out and they cleaned everything besides the oven. So I cleaned that and deep cleaned the carpet. How much would you take from their security deposit for both of those? The carpet is only in two ...
Andrew Bosco
Metrics when owning a hotel/motel
Hey all,
For those of you that are actively buying or have purchased a "Mom and pop" Inn or motel - what metrics matter the most to you? How does your underwriting look?
I'm an active multi-family buyer/invest...
Tyler Smith
How much does a new roof effect the ARV on a SFH
I am in the process of doing a BRRRR on a SFH. The roof is relatively new (within 3 years old), but looks bad. Should I purchase a new roof for $6500 and hope that increases the ARV?My expected numbers on the SFH (wit...
Shawn Stiteler
Tenant debt and property sale
Hello, so I am selling my first rental. It is a duplex and I still have the two original tenants from when I purchased it. The one tenant has been behind since I purchased the property and has caught up a lot on her p...
Jonathan Ruths
STR with HOA "renters" fee
Looking to purchase my first STR and found a property I like, but it's in an HOA and I just learned the HOA has a policy that requires either $2600/year for unlimited short term rental bookings, or $35 per booking......
Bunti Papu
Request advice on short term rentals
I have been an landlord for 6 years and own 6 properties. All of my tenants are long term tenants and my property is managed by a property management company. So all the rental income is passive for tax purposes. I al...
Contrella Dixon
Broken Sewer Pipe
Purchased a home 9 days ago. On day 7 we noticed sewer coming out of the clean out. The house we purchased was in an estate. From what we can gather the house has been empty for over two years. Who is responsible for...
Nicole W.
Realtors working with wholesalers?
Has anyone had to sell a house that was not cleaned out due to the seller being disabled and not having the money to do so? What were some of the challenges? Also have you worked with a wholesaler as a realtor, if so ...
Sean Wilt
Do I pay Sales and Occupancy Tax on cleaning fees?
I know I will have gross revenue from rentals for income tax purposes which would include cleaning fees collected. For income tax purposes, I know I can deduct the actual cleaning costs so that portion of revenue bec...
Artem Lopatchenko
Introduction in Raleigh
Hi all,long time (religious) listener of the podcasts and also a small time investor (have 5 doors split between Raleigh, NC and Danbury, CT). At the end of 2020 I purchased a restoration franchise called AdvantaCle...