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17 January 2025 | 23 replies
In a service business like property management, your contributions can go unseen at times - so I feel as though value is harder to recognize, so you need to really exceed expectation in order to prove this value!
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6 January 2025 | 4 replies
As a property manager, it's crucial to understand the nuances of these fraudulent practices, recognize the signs, and implement strategies to mitigate risks effectively.Understanding Rental Application FraudRental application fraud occurs when a prospective tenant provides false information on their rental application in an attempt to secure a lease.
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7 January 2025 | 12 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
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10 January 2025 | 8 replies
Buyers recognize and appreciate that level of thoughtfulness, and it makes our properties stand out in the market.7.
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15 January 2025 | 39 replies
First recognize that 2 to 4 units are valued on comps and not cap rate.
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13 January 2025 | 45 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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10 January 2025 | 21 replies
We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front.
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20 January 2025 | 57 replies
Freddie accepts this.Couple of options from here: If you did not set up notes receivable, recognize that you may owe it to your seller and take the hit on a higher rate refi to help him.
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21 February 2025 | 250 replies
First step in solving any problem is recognizing there is one.....