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9 September 2024 | 4 replies
I found someone on the internet who told me about the avocado farm and he gave me the bad news that there are tons of lawsuits against the company and to count it as a total loss.
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11 September 2024 | 8 replies
Here is a link to the document: https://www.chicago.gov/content/dam/city/depts/zlup/general/...If I were you, I would also reach out to a Chicago architect like @Samuel Pavlovcik or @Prashanth Mahakali.
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10 September 2024 | 6 replies
I was going to draft up one contract with each LLC as a separate "Owner" with the authorized representative for all, the actual owner, to sign the one contract for all legal entities, but they didn't like this and want to keep all documents separate.I gave them a VERY competitive price quote based on the total portfolio as 1 account with the total number of units.
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9 September 2024 | 9 replies
I am not sure if you have been following the news, but the whole world has just changed for agents with the way rental and buy side commission is done.
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10 September 2024 | 3 replies
make sure that you document how to take care of the pool and who is responsible for each part.
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11 September 2024 | 13 replies
We document what we did each cycle and why we did or didn't consistently apply our logic.And, of course, as much as turnover is a pain, it is a great opportunity to bump up to market rate.Different landlords have different philosophies, but this is ours.
9 September 2024 | 2 replies
Generally, this news is released on the last day, so go ahead and pencil in the early afternoon on Wednesday, 9/18.
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9 September 2024 | 12 replies
Yes, you will have to supply your accountant with some documents- closing statement, rehab receipts etc.
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9 September 2024 | 13 replies
Eager to learn about RE tax write-offs, how to document/keep up with expenses, what can be written off, etc. at this point...However, the 3 RE focused CPA's I've visited with want $5,000 annually for a couple hour sessions a year and a few recorded classes and other resources, which does not include tax preparation.
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10 September 2024 | 14 replies
I had to give them the bad news, there were no beach properties that cheap and the real prices are $1M to $5M.These articles pull the sales data for zip codes which can span over 100 sq miles, but then show the income data from a small area (1 to 10 sq miles) within the zip code.