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17 October 2024 | 10 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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19 October 2024 | 8 replies
Or is it advisable to go with the larger units for better ROI?
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18 October 2024 | 1 reply
While this project ran smoothly overall, managing a larger renovation budget of $74,114 required careful planning and coordination.
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18 October 2024 | 8 replies
Most of my experience is with larger multifamily, so there's only so much information you're going to get from the owners of those properties on the front end.
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17 October 2024 | 5 replies
I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned by another LLC with different but overlapping membership (LLC-B).Buy a much larger property that would be partially owned by LLC-A and partially owned by LLC-BThe new property is one tax parcel with two addresses.
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17 October 2024 | 7 replies
I know how to get fantastically accurate estimates for simple single-family deals but was wondering if anyone had advice on where to start for running numbers for 50+ unit deals.Also, if anyone has any advice on helpful systems and technology - or for managing larger scale real estate businesses to be a valuable partner, I'd gladly listen.
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17 October 2024 | 2 replies
I target small and midsize companies who care more about cost than larger companies because they may be more willing to work with another housing supplier if they're able to offer lower rates.
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14 October 2024 | 6 replies
Hey Marc, When tracking your real estate activities for STR management, particularly to prove material participation, it’s important to clearly document each task you perform.
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17 October 2024 | 4 replies
Building Values for Investment PropertyWhen buying a residential property, one important yet often overlooked task is determining how to divide the property's value between the land and the building for depreciation purposes.
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17 October 2024 | 8 replies
They promote a low capital entry investment and 100% financing where you can buy a building in a larger community.