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11 November 2024 | 14 replies
I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.
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12 November 2024 | 13 replies
We have consulted with our accountant and got all the scoop on what needs to be done.
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13 November 2024 | 23 replies
If you have 100k invested in a property but you're only cash flowing $200 a month, it might make more sense to sell and reinvest into another property or simply put the 100k in a high yield saving account at this point in time.
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11 November 2024 | 1 reply
I am trying my best to take everything into account, but there is no doubt things I don't know.
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14 November 2024 | 25 replies
You are right, I should have accounted for that.
14 November 2024 | 20 replies
2) Owners NEVER take into account the time required to:- Evaluate & select materials- Order materials- Pick up materials- Coordinate access with tenant- Dispose of waste- Scan and process receipts2) According to Angie's List, labor cost can be $250 to $700https://www.angi.com/articles/how-much-does-microwave-instal...
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9 November 2024 | 17 replies
Account Closed so I believe we are saying the same thing.
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11 November 2024 | 6 replies
They provide free estimates and work with your accountant.
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11 November 2024 | 2 replies
If you do end up splitting profits and equity 50/50 then make sure you account for your management.
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11 November 2024 | 5 replies
Also, this is why you pay for a good real estate and business focused account.... so you don't have to try to figure out something that is not your expertise or specialty.