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6 February 2025 | 10 replies
@Nadir M. you would show 100% of whatever you collected on behalf of an owner.Of course, if tenant pays via credit card, you would NOT include the credit card fees, because you did not receive them.From the funds in your OPERATING account, you would pay any expenses on behalf of the owner, including your management fees - which you woul transfer to your PMC account.Owner will be paid from Operating account.Your vendors (office expenses, auto, etc) would be paid from your PMC account.Year end, you are require by IRS to send a 1099 with GROSS amount collected on behalf of owner.
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6 February 2025 | 7 replies
As of now, I have a total of 3 units and 2 of them are occupied by the sweetest individuals.
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17 February 2025 | 9 replies
Hi Scott, did you find boots on the ground by any chance?
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13 February 2025 | 3 replies
I’ve been in the real estate business as a broker, helping clients buy and sell homes, but I’m looking to take things to the next level by diving deeper into investing.
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2 January 2025 | 0 replies
This year, let's prioritize learning and adaptability, recognizing that continuous growth is key to staying ahead in an ever-evolving world.Networking and collaboration will be crucial as we navigate the changing landscapes of industries.
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12 February 2025 | 10 replies
Could you rent it by the room?
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17 February 2025 | 13 replies
And what you've also seen is people that were renting 3 bedroom cabins are now deciding they can get by with the smaller one and two bedroom cabins.
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17 February 2025 | 10 replies
Oh and by the way I'm in central Washington also.
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10 February 2025 | 2 replies
This means you can focus on growing your portfolio with confidence, knowing that every aspect of your investment is being handled by experts.As for my experience, I've been in the industry for over 10 years.
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17 February 2025 | 6 replies
People that have "amazing deals" outnumber "people that actually have money to execute on them" by a ratio of 10:1 or 15:1.