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17 February 2025 | 4 replies
Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.
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6 February 2025 | 11 replies
Background check came back with 15 collections (including from apartment complexes.)
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7 February 2025 | 10 replies
When the credit report addresses don't match her application, you deny her and move on.Any landlord running a credit check on her after 05/01/2024 will see her credit report has a $12,000 collection from a property manager, and that should be an automatic denial.
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7 February 2025 | 14 replies
I am a big fan of sophisticated value adds such as lot splits, coop/tic, leverage laws for multiple unit additions.
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10 February 2025 | 0 replies
Here’s a breakdown of some of the information you may need to provide for a cost segregation study.For existing buildings:List of equipment on the propertyProperty settlement stateAny appraisals or purchase/lease agreements Property maps or blueprintsSchedules, change orders or documents for future renovation plansSupporting documents for calculating real property book valuePrevious purchase price allocations that separated assets into their appropriate allocation and valuePast site inspections and photographsDocumentation that proves or records deterioration of assetsFor new construction:Contracts or contract paymentsLand and property sizeBlueprints of projectList of equipment involved or purchasedList of projected costs including costs for land developmentApplicable site inspectionsConstruction schedules and payment requestsPhotographs of completed assets or work in progressCost segregation specialists typically have an organized plan for the collection and analysis of the information provided.
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19 February 2025 | 14 replies
Being the highest quality locaitons in all of MS or at least central MS you get the very best tenants.. then my office staff handled the monthly collections.. so hybrid.
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16 January 2025 | 7 replies
Could VRBO users from Michigan provide some clarity about the topic of sales tax/lodging tax collection and payment to the state.
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25 February 2025 | 11 replies
I am doing much better in the properties where I have no pm, and the process is almost automated, using baselane to collect rent, good tenants, and few serviceman.If the tenants is not good, pms won't help either, not sure why I kept pms in the first place.
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8 February 2025 | 7 replies
If your average heating bill is $150, you may not collect enough in the winter months when the bill reaches $225 but you'll collect extra in the summer when it drops to $65.
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20 February 2025 | 22 replies
Yes I understand what you are noting, and I believe on the commercial side of things they are typically not putting their names on the docs like you do for a resi loan but just brokering/underwriting it and collecting a fee as a 1099.