The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

At this point, we are three years in, and have learned that you sometimes have to have thick skin (grit) in dealing with tenants, managers, and RV site visitors; while maintaining a sense of humor and humility.

When I was first on this site I would advised against paid education, I saw it as all grossly overpriced and unecessary.

There were posts on this site as well.

If you want to do postcards, DealMachine has a way that you can send post cards directly from the app/site.

And now we also have better marketing in place on socials and a have a direct booking site, plus we are open all year long so word of mouth is improving.  

IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.

There is a lot of experience on this site that can help you navigate through this.

WE have very different styles I like interacting on BP  she has never been on the site and has zero interest.

., land) from the depreciable building and site improvements.