
6 September 2024 | 13 replies
I'm working on launching a STR reporting product designed to make data analysis accessible for everyone, even if you're not a data geek!

9 September 2024 | 49 replies
I've done this, disputed with my bank and filing a police report.

10 September 2024 | 19 replies
The real question is whether or not they call it out in the report and send to the lender.

10 September 2024 | 7 replies
Planning performs a thorough review to make this determination including searching publicly and also checking to see if anything was reported to the SF Rent Board or a DBI complaint.

9 September 2024 | 9 replies
As far as the reporting goes, the rental income and losses will most likely be reported on your Schedule E - speak with a tax professional who has expertise in real estate.

12 September 2024 | 27 replies
I would think you would need to pull a title report and see if there are any liens / judgements as well at least the owner should..
11 September 2024 | 9 replies
I sell real estate to STR investors in a beach market, and one of the main strategies I tell them about (and that I also use myself) is to have a new 4-point inspection and a new wind mitigation report done periodically and to reshop insurance with a few BROKERS.In Florida, these inspections are only good for 1 and 5 years, respectively, so you MUST get new ones--especially if you have had a new roof, added hurricane clips to an existing roof, or replaced your wiring, HVAC, water heater, etc.Also in FL, insurance companies come and go, so there is no need to stick with the same one and just take it when they try to bend you over and raise your rates.

10 September 2024 | 1 reply
However, consider:Long-term market projectionsYour personal financial goalsTax implications of holding vs. selling (consult a local tax advisor)Partnership Structure:Clear, written agreement detailing responsibilities, profit sharing, dispute resolutionRegular financial reporting and meetingsExit strategy for both partiesConsider forming a legal entity for the partnershipFull Bank Financing: If the bank would finance the entire project including renovations, this could potentially be more advantageous.

9 September 2024 | 23 replies
Various collecting agencies will report to the credit bureaus.

9 September 2024 | 12 replies
., we track all the data per each fixed asset in Google Sheets and it's a part of our monthly/yearly processes to input the appropriate adjusting journal entries so the depreciation and amortization are reflected on the financial reports on a monthly basis for each fixed asset.We have a depreciation worksheet, an amortization worksheet, and another worksheet that details all other aspects of each fixed asset (placed in service date, type of property, partners, etc etc) per client.It's nothing fancy but it works for us.