Assets identified in this study include:Building Systems: plumbing, HVAC and electrical distributionInterior Construction: flooring, drywall partitions and ceilingsStructural Components: doors, roofing, windows and wallsPermanent Fixtures: emergency lighting, restroom fixtures and signageThis engineering-based cost segregation study included the following methodology:Physical Inspection through a site visitDocumentation review including architectural plans, accounting records and construction documentsA cost analysis which utilizes engineering principles in order to allocate costs to their applicable asset classificationsCalculation of the depreciation schedule using MACRSAs a reminder, bonus depreciation started to phase out in 2023.

I’m considering formal training or certification programs to sharpen my skills and possibly expand into managing additional properties.For those of you with more experience, which property management organizations or certifications would you recommend?

Once you have a shortlist, sign up for an account with each one and test them extensively to see how they function.

Of course the co-signer should be significantly stronger in ALL areas as compared to the applicant...usually this is a parent or relative, and they should be well established, with ownership of real estate for years; long and stable employment; no, or very distant, criminal and traffic court records; well funded SAVINGS/IRA's or stock market accounts.

(Broker, Property Manager, RE Attorney, Accountant etc.)

DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used.

Maybe you have access to a HELOC, or you have access to a brokerage account you can pull from. 

Has dealing with this organization been a good experience? 

Direct booking, guest screening, AI messaging, accounting portals, integrations, and more are all extremely valuable.

The recalibration of reserve studies to account for these increases is inevitable, and unfortunately, this will likely lead to higher dues or special assessments, which can hit both residents on fixed incomes and investors hard.