All Forum Posts by: Tony Asbille

Thanks Hai for the information 

Following, I am also in need of a great tax strategist. I have found several CPA’s who are good and have a great broad knowledge. But I have found many are just not well versed in the idiosyncrasies of mult family real estate. Ryant I am curious to see what you uncover. 

I have between 400 and 650 doors at any given time. Most of my complexes are 50-75 units. I do not like our current software Rent Manager. I am looking at upgrading our software to something more current. My major concerns are the ability to intergrate with a website, robust reporting, great customer usability. Any horror stories or indorsements are encouraged. I like appfolio but hate the crazy high “on boarding” fee’s. 

So the question is knowing what you know now, what software would you choose today?

We are looking at Buildium, Appfolio etc.

Google best cities to buy rental property in 2018. Some great statistical research has been done.   

Great Ryan will try those options as well. I rarely do any syndicated deals. I own the 650 units we have,  minus 1 complex in which we have a partner.  They are mostly 60 to 100 unit complexes so I am already diversified. So I agree that is important for sure. I have seen a lot of one hit wonders go bad. 

Jason this is true. You will lose your ability to use this deductions later if you expedite the depreciation on the front side. However most people need the cash flow early on in the process. So it helps to solidify  projects that may be doing ok, but could use extra cash in the beginning for renovations. To be clear the depreciation amount does not change, the option here is do I take the depreciation over 27.5 years or over A shorter period of time. We personally have used cost segregation for 10+ years and we use the on everything over 250,000.  I prefer to have my money now. In later years when the deductions are slim we always try and utilize the de minimissafe harbor model. This allows to maintain a lot of the deductions. 

We use this verbiage in Texas. 

1. Applicant’s Failure to Enter into Rental/Lease Agreement. If Applicant, after approval, chooses not to enter into the Rental/Lease Agreement, Owner/Agent may deduct from the holding deposit "lost rental damages" to cover the lost opportunity to rent the premises. 

Richard you must be looking at my corporate holding company arm. Because all 7 of my apartment complexes have their Facebook site like Canyon Creek Apartments or Brookhollow Apartments. All of our retail store's have websites plus full social media exposure like FB, LinkedIn, instagram etc

Thanks Juan for the suggestions but I hate cold calling. Realizing it may be a necessary evil given the current market I do utilize one of the office staff to send out blind mass emails from mailchimp. 

 Yes we do direct mail and social media marketing.   

Now with  Loopnet being bought out, new rates for using Loopnet/ costar are skyrocketing. Is anyone finding and new sources for complexes other than Brokers ?