Shane Bishop
Property Management Software
24 September 2024 | 17 replies
Depending on the size of your portfolio, I suggest considering either "PROPERTYWARE" or "INNAGO":Propertyware is ideal for larger portfolios, offering customizable and automated reporting features.Innago has been very effective for me, enabling property marketing, conducting screenings, and managing rent and maintenance requests.
Nikhil Mascarenhas
CA out of state investors, what asset protection strategy do you use?
25 September 2024 | 7 replies
Would love to hear from other pros.For California specifically, it’s safest and most cost effective to allow a passive trust to own all real property in California.
Josh Wallin
Proper insurance opinion
25 September 2024 | 14 replies
I recommend Lux-Str.com, particularly for their blanket portfolio options, which are more cost-effective and feature a much smoother onboarding and annual review process.
Chase Fritz
Anyone got a great CPA in OKC...?
23 September 2024 | 8 replies
For example, while I am a remote provider originally from New Jersey, I find that I can be particularly effective for clients where I'm located here in Oklahoma City because I hold the majority of my investments here and cut my teeth doing my own books and taxes in OKC.
Account Closed
INPUT NEEDED! 🤷♀ What should Dave discuss in his next Market Intelligence Workshop?
23 September 2024 | 10 replies
We have a preferred lender who studied the past election years and noticed the effect, but due to the pandemic and the normalizing of our market, can we expect there to be a surge come Jan 1 with the election being over and interest rates stepping down to affordable rates?
Emory Clayton
How to handle TOH non payment for lot rent
25 September 2024 | 11 replies
What I have found to be the quickest and most cost effective way to solve the situation is actually to buy the home from the tenant then turn around and sell it.
John Kaeser
Collecting rent. collection agency
23 September 2024 | 5 replies
Rent Reporting Service to credit bureaus for the debt is effective and simple, pro is low cost, set and forget and high success rates, con is while you can report all unpaid rent you can't report damages unless they are quantified by an order from a landlord tenant board or small claims court.
Sanjeev Advani
LL Flooring Joins the Wave of Retail Liquidations: Closing 400+ Stores Amid Bankrupt
23 September 2024 | 2 replies
The flooring retailer is the latest in a growing list of companies forced to shut down due to changing market conditions, rising competition, and the lingering effects of the COVID-19 pandemic.The company’s financial struggles began after the pandemic-fueled home improvement boom fizzled out.
Melanie Baldridge
Know these rules before doing a Cost Seg
24 September 2024 | 4 replies
Continuous participation.This is great if you are talking about an SMB with effectively connected Real Estate.Note rental activity is considered passive unless you meet the RE Pro threshold of 750 hours and more than 1/2 your time.This is the conundrum for passive real estate investors.If you have a full-time job or a large, time-consuming business it can be difficult or impossible to qualify.A huge loss from depreciation if you have one LP investment isn’t going to do anything for you.
Joshua Telles
Is a notarized lease agreement needed?
23 September 2024 | 6 replies
Notice given by or to the attorney for either party shall be as effective as if given by or to said party.