1 January 2025 | 7 replies
But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property, I firmly believe that there is a value add from having a working STR there.
2 January 2025 | 0 replies
We started this in 2019 and plan to continue forever so we can look back and see our growth.
4 January 2025 | 26 replies
I think you have to own them if the people were nice and respectful.One thing I've found is that you have to specifically remind them in the beginning, middle, and the end, that you want to provide a 5-star stay to result in a 5-star review.
2 January 2025 | 6 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
2 January 2025 | 18 replies
This is a touchy subject.If you observed specific concerning behaviors during interactions, such as rudeness, aggression, or disrespect for property, these could potentially be valid reasons for rejection if documented properly.You should add one very important things to do on your checklist, past landlord references and it must be legit and find out why they aren't there any longer.
2 January 2025 | 13 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
2 January 2025 | 37 replies
What is advantageous is someone that is good at underwriting and unbiased (only analyzes the deal based on the underwriting without other emotions).Note i have a fair amount of experience and plan to place a competitive offer tomorrow that the underwriting dictates not placing a competitive offer.
2 January 2025 | 0 replies
I'm planning to finish all of these this month.
2 January 2025 | 2 replies
Are you doing the work yourself or what is your plan on tackling the operations?