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21 November 2024 | 6 replies
You should also have a conversation with your tax accountant about your bank account setup.
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7 December 2024 | 15 replies
Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.
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4 December 2024 | 9 replies
Hey Elizabeth - I'd factor in about $10k to get a padsplit up and running when it comes to furnishing which would include washer / dryer, additional fridge, bedding/desks, common area furnishings if you want to offer a little better experience.I'm only familiar with ATL - I think accounting for 1 move in / 1 move out per month is a good conservative assumption here.$8kish / year or so on routine and reactive maintenance combined which should include your cleanings, lawn care, maintenance calls ect. 12% per month of gross rents should be a good estimate if you want to look at it like that!
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6 December 2024 | 6 replies
Add some escalator, such as 3%, for example, to account for potentially higher costs after closing.
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3 December 2024 | 29 replies
There is a tiny little link under "Account Details" that links to a more informative web page.
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5 December 2024 | 6 replies
Bank accounts, stocks, all assets.
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6 December 2024 | 10 replies
@Rick ImI have an expense account called "Failed Real Estate Escrow Expenses " (in QuickBooks) for my flipping business and bookkeeping clients.
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6 December 2024 | 21 replies
I did the 7 day trial with Renatus and it's very organized information but it's very pricey for their premium package.
4 December 2024 | 4 replies
My guess is that it won’t actually take you a lot more time, just the extra fees, but those should be accounted for in your profit calculations
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29 November 2024 | 11 replies
My role has taught me the importance of managing systems, understanding finances, and staying organized—skills I’m eager to apply to real estate investing.I’m a newbie in the real estate world but deeply motivated to learn and take action.