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15 October 2024 | 8 replies
Pencils have been down and large investors have been focused on cutting costs, increasing renewal rates and improving operations.
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15 October 2024 | 14 replies
@Annie Chiennot enough info.are you asking how to make the improvements while it's fully occupied?
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16 October 2024 | 4 replies
Maybe the tenant improved the property 13 years ago, in exchange for a 15 year lease.
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15 October 2024 | 0 replies
Here’s an example of bonus depreciation.Here are some of the current trends that are highlighting the importance of a cost segregation study.Contract Logistics Expansion: Experiencing growth in contract logistic divisions leading to outsourced warehousing and distribution activities.Warehouse Technology Advancements: Integration of AI, robotics and IoT allows for operational efficiencies including reduced labor costs and improved safety.Warehouse Automation Growth: Significant growth signals a need for efficiencies and the adoption of new technology.Warehouse Space Expansion: There are ongoing developments in the warehouse space to help support the growing demand for infrastructure and warehouse space.Robotics and AI investments: There is a demand for faster throughput and immediate fulfillment which is causing investors to invest more into AI and robotics.Cost segregation becomes an even more critical tax strategy as there is an increase in investments in automation and technology as it frees up cash by creating additional tax savings.Some of the financial benefits that a warehouse investor can expect from a cost segregation study include:An increase in cash flow for automationImmediate tax savingsEnhanced warehouse property valueImproved warehouse ROI by reducing tax liabilities and increasing cash flow.There are many items that can be reclassified for accelerated depreciation through the use of a cost segregation study.
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15 October 2024 | 4 replies
Real estate typically appreciates over time, meaning your property could increase in value even if you don’t make any major improvements.
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15 October 2024 | 3 replies
If so, issue a 30 day or whatever your area requires (with specific violations and expectations to improve) and plan to do another inspection.
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15 October 2024 | 15 replies
@Jack LeeTo improve deal analysis skills, use BiggerPockets Calculators, YouTube channels, podcasts, books, online communities, Excel spreadsheets, and local networking events.
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14 October 2024 | 1 reply
We were a small group of business owners, but Scott taught us quite a bit on how to better improve our presence and credibility on the platform.
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18 October 2024 | 37 replies
That 40k class would not teach you to put nail to the drywall.In my actual job i am so very busy writing code for DATA CENTER like Amazon or Google data center, so I do NOT have time nor knowledge to put a nail in the drywall, but i have TRUSTED friend that can put the nail in the drywall.There are just so many RESOURCES here in BIGGERPOCKETS where one do not need to go to any school but can learn from them or they can redirect to the right people.As for me , my life in real estate context has DRAMATICALLY IMPROVED when I CONVERTED my business relationship into much PERSONAL RELATIONSHIP to the contractor.In flipping business, the contractor, the subcon , is like the Prophet, okay, they have to be listened and being served.
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16 October 2024 | 10 replies
I’d greatly appreciate any tips, strategies, or insights you might have to help improve these metrics.https://www.airbnb.com/rooms/1190498899249740651?