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26 December 2024 | 7 replies
David A cost segregation study can be beneficial for properties under $400k by accelerating depreciation to reduce taxable income.
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8 January 2025 | 27 replies
If so, how did you handle it?
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27 December 2024 | 8 replies
His focus was on location, tenant demand, and ensuring the property could handle at least a 1.25 DSCR even in a downturn.
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22 January 2025 | 56 replies
I mean I think about it a lot now that we are closing in on 70.. but hey 70 is the new 50 :) And different cultures handle this far differently than others.. this is why you see some new builds catering to multi generational floor plans..
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27 December 2024 | 12 replies
This is a personal choice and depends largely on your risk tolerance level and the current demand for rentals in your area.Vehicle Repossessions: Having a vehicle repossessed is strong indication that a tenant cannot handle their money very well.
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28 December 2024 | 13 replies
Bank of America’s business credit cards seem better, but I’d need to hit their Preferred Rewards status to reduce fees, which might be challenging.Amex: I like Amex’s reputation and services, but their outgoing wire fees are higher, which is a downside given how many wires I send.My ideal solution would be a business account with minimal wire transfer fees (especially outgoing wires) and a solid business credit card option, preferably with no foreign transaction fees.What would you recommend for someone like me who does a lot of outgoing wires and occasional foreign transactions?
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5 January 2025 | 39 replies
Good tenants can significantly reduce vacancy rates, turnover costs, and maintenance expenses.Many property managers I know are quick to fill vacancies, often asking, "Do they meet the minimum requirements?"
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25 December 2024 | 11 replies
They’ve been solid investments, with rising rents and property appreciation, but over the last 2 years, skyrocketing HOA fees and stagnant value growth have reduced cash flow.
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29 December 2024 | 15 replies
Make sure to maintain a cash reserve (3-6 months of expenses) to handle unexpected repairs or vacancies.It’s smart to consider the “what-ifs,” but don’t let them hold you back.
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25 December 2024 | 11 replies
. $1100 for the unit ....do you have an outlet already available that will handle the extra amp draw?