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27 September 2024 | 15 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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26 September 2024 | 7 replies
Not sure if you're still looking but, condos can be a solid investment for long-term rentals due to their typically lower purchase price and less maintenance responsibility, as many exterior tasks are handled by the condo association.
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26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.
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28 September 2024 | 12 replies
There used to be one, but normally people post questions in the larger groups and simply add the location (usually Canada or the province) to the heading.
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27 September 2024 | 1 reply
Thus, I have been looking into the apartment complex space and continue to educate myself in the event that opportunities continue to be brought to me.Sooo In digging into a number of courses my concern is this with the larger 10+ apartments and high numbers 1 million and up.
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24 September 2024 | 16 replies
We use Quickbooks to manage some of our internal tasks like expense tracking, invoicing, etc. but Use bench to manage all of the more tedious tasks like bank recs. and tax prep.
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25 September 2024 | 4 replies
I suspect when the time comes for a tax pro this would be an easy task.
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27 September 2024 | 22 replies
Larger homes provide more opportunity to make the home unique and capture larger families/groups to share the expenses of one home vs renting 2-3.
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27 September 2024 | 5 replies
Slightly larger if space provides is fine too, just dont go smaller.
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2 October 2024 | 71 replies
Looking to get into larger, 20+ units now.