Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?
Edreco Amos
Looking to get my first long term rental property | How is Miami's market?
28 January 2025 | 17 replies
Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane.
Ryan Vienneau
Buildium users - how do you handle credit card tracking???
14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
Diandre Pierce
Mobile home park opportunity
12 January 2025 | 7 replies
Private lenders or even creating a small syndicate with a group of investors might also be worth exploring, especially since you can point to your uncle’s track record and your own experience managing rentals as a selling point.If timing is tight, you could look into a bridge loan to secure the property while figuring out a more permanent solution.
Kathy Fettke
How to go after Growth Equity Group-Brett Immel, Preston Despenas
6 January 2025 | 38 replies
And when the company you're suing has shut down and apparently has no money, is it even worth the effort?
Benjamin Blunt
How do you find Off-Market Properties?
28 January 2025 | 27 replies
Both are excellent platforms which save people immense amount of work and tme by compiling all the critical data you need in 1 place but there leads are way behind the county recorders/courts/notices i.e the source of most motivated seller leads.
Ryan Goff
Grocapitus - Anyone have experience with them?
11 January 2025 | 168 replies
High net worth LPs don't really like to reveal themselves on public forums.
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
What is that pain and suffering worth?
Travis Timmons
AirDNA top STR markets to invest 2025
25 January 2025 | 25 replies
Or you have to take a value add approach to make it worth the hassle.
Niklas Zhu
Cost segregation recapture on a teardown property
27 January 2025 | 2 replies
If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.