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30 October 2024 | 9 replies
Is it not true that when you lease your property to an LLC and have the LLC manage tenants, you create a legal barrier between yourself and the property’s operations.
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2 November 2024 | 19 replies
Good stuff to think about, thank you Sebastian.It's cool to see extra replies from time to time on this post as I continue with the ideas.It's interesting, I looked into different DSTs and had conversations but just didn't feel comfortable with what I felt was a lack of control or ability to really know the operators and properties.I also kept running the numbers and just couldn't make 1031s into other properties make sense with the new interest rates compared to what I have now.
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30 October 2024 | 35 replies
@William Coet it’s a different business model altogether.I love highly desirable areas that attract highly skilled high income college educated workforces.They tend to be more liberal and therefore the landlord tenant laws.The percent of their income that goes to rent is typically much less than 20% so a rental increase of 5-10% is nothing to them.They are typically lower cap rate areas and therefore every dollar of net operating income that is earned is explosive to the underlying asset value.
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5 November 2024 | 28 replies
A boiler building will operate less profitably than a furnace building.
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31 October 2024 | 8 replies
Hey @Clint Kelly, I was going to recommend something like BuilderTrend but from what you've said, QuickBooks Online (QBO_ does exactly what you need.The key here is you need an REI-savvy bookkeeping professional since you stated your current bookkeeper is dropping the ball.What you want is super easy to accomplish for a flipping company using QBO.We have Clients who flip close to 100 properties/year and everything is super organized for each property using QBO.It's the operator, not the software in this case.Hope that helps!
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31 October 2024 | 9 replies
Termination of a tenancy can only be done by operation of the lease or statute.
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30 October 2024 | 1 reply
Mom and Pop shops are not that great at accounting and the numbers tend to look like they can't afford to live so take that in to account plus the operations they are doing.
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30 October 2024 | 236 replies
Net listings are illegal when operating with a license.
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28 October 2024 | 12 replies
I rent to companies that operate "group homes".
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1 November 2024 | 18 replies
I am looking for advice on how I can take appropriate action to warn future landlords and LPs about a deceptive and destructive executive-level tenant who is also a GP on real estate deals.I rented a fully furnished luxury executive rental in Raleigh to the CEO of a company that builds and operates healthcare facilities.