Garrett Mathis
Property Management Software confusion
12 July 2024 | 5 replies
I've been in the real estate accounting field for almost 20 years, and in my experience, it's helpful to think of the software you use in two distinct levels:Property Management (PM) Software: This handles the property-level operations.Dedicated Accounting Software (like QuickBooks): This is used for corporate-level accounting.Not all PM platforms come with robust accounting modules.
Janasia Cuney
Tax liens, Tax Deeds and Note Investing
11 July 2024 | 4 replies
Two very distinct things
Alexander Blake Summers
Location Analysis Method
15 July 2024 | 23 replies
However there is one area, (unsure if it is a distinct zip code) to the upper left (or NW on the map) of zone one that isn't included but is still Waldport and I would suspect it's the highest of them all.
Robin Hopkins
North and South Carolina vs Florida
9 July 2024 | 12 replies
The state has three distinct personalities (mountains, piedmont, and ocean), which limits the risk of having all of your eggs in one basket.
Shane Allman
Escrow account for rent Question
8 July 2024 | 2 replies
This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.
Jon K.
(Current) Tenants say the dumbest things, too...
12 July 2024 | 281 replies
But it does have a distinct odor & I would assume taste.
Josh H.
Private Money (Hard Money is for Suckers)
7 July 2024 | 30 replies
The terminology between what is "Private Money" and what is "Hard Money" is very vague and these aren't even really truly distinct different options.
Account Closed
How to do wholesaling RIGHT? In Maryland/East Coast and Nationwide.
3 July 2024 | 20 replies
Operational Discord: Clashing Business ModelsRealtors and wholesalers are two distinct players in the real estate market, each with their own unique approach and business model.
Peter Zynko
Hybrid Sub-to with seller financing
30 June 2024 | 4 replies
But sub to and creative is a very hard place to start because there isn't a distinct metric in list building that can be sure these people are open to seller finance.
James Carlson
18 offers, 12% over list price .... Market going bonkers again?
30 June 2024 | 54 replies
Jason Hartman has pointed out that interest rates were so low before the recent increases, that buying was like going back in time and getting a mortgage in ~2011-2012.so... it still feels like the fragility of the current group of people who already own is a bit overstated.this is the distinction between the market being unaffordable (it's very unaffordable) and unsustainable (maybe it's unsustainable?)