Hi all, I see many people asking in these forums what costs to keep in mind when estimating a property that will be turned into a STR. I compiled the list below with the most relevant items in my experience. What cost...
I had a thought the other day and after asking around from a handful of agents, seems like this is possible. I am a REALTOR and have property that I am interested in 1031'ing. If I pay a buyers agent fee and sellers a...
I'd like to start a discussion regarding 2 different rent collection options. I'm comparing "Rent Payment Now" through ARPOLA to "eRentPayment". On the cover it appears that "eRentPayment" may be more cost effective w...
I have been yet another lurker for some time now and I must say thank you for all of the great advise. This site and the podcasts have been huge resources for me. I live in Oak Harbor, WA and acquired my first cond...
I'm getting closer and closer to owning my first rental property and I'm scrambling to figure out how I'm going to accept applications, collect rents, etc.... I'm looking through their website, and TurboTenant seems ...
I am looking into the pros and cons of buying a number of units in a complex of about 200 units. I would only buy units if I could get them for <$30K, and average rent would be @$700/mo each. There is a HOA fee o...
I wanted to expand on a topic that Joel Owens and I started to discuss on another thread. It relates to the loan offerings available from local/regional banks for commercial loans under 2MM. I know it has been di...
Being a landlord can be a lucrative proposition, but unforeseen expenditures can put a damper on profits if they aren't calculated into the rent beforehand. The reality is that the costs of a rental property extend fa...
Hello! I've read through a bunch of existing discussions, but figured I'd post and see if anyone had some insight before I made a final decision.I am a small, single property landlord (triplex, one unit is owner occup...
As a beginning investor is it crazy to consider purchasing a 5-unit property - is it better to start with a single-family property? It seems to me if the 5-unit property is a sound purchase it would actually be less ...