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29 October 2024 | 2 replies
I realize this is a complex concern so just looking for general advice here based on the experiences of others.I would manage bookings and client communications aside from maybe an on call service for at night.
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30 October 2024 | 16 replies
Their product was deemed an essential service and the preferred return would be cumulative.
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30 October 2024 | 2 replies
When you get to PM companies that are 100++ units they typically have in house handyman services that do it all so they might not have the connections that you need.The next move is going to local REI meetups...
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30 October 2024 | 15 replies
Your property management company is not a security service- unless it states they are in your agreement with them.
1 November 2024 | 11 replies
Quote from @Ran Fridman: Hi, I'm Ran Fridman, I am a Property Manager in Indiana, Wisconsin and Illinois, for many successful years of servicing Happy Landlords and Tenants.
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31 October 2024 | 4 replies
Search my recent posts as in the last couple days I posted a list of wholesalers and agents with pocket listings that service San Diego area.
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30 October 2024 | 4 replies
With nursing, I would establish a connection with both the hospital, placement services along with posting it on traveling nurses sites.
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29 October 2024 | 9 replies
We calculate gross income as all dollars coming in except taxes.Our clients gross revenue is the room rate (top line) expenses minused out and then they receive their net income.Net profit (or loss) would be then when they subtract debt service, property tax, insurance, utilities, etc.
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30 October 2024 | 2 replies
Amazing, I'm sure there are going to be many people wanting to acquire your services.
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31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.