Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
28 January 2025 | 5 replies
Give me the horse and buggy vs a self driving car with immature software and sensors any day.My point is you should use as much technology as you can to make your life easier without going beyond its limits, and in the meantime always be on the lookout for new solutions that solve problems without creating new ones.
Tom Nagy
Stay away from RAD Diversified
20 January 2025 | 32 replies
Quote from @Josh Bradbury: I can confirm what Tom Nagy is saying.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
I should also mention we shut off the breaker (to the garage) after confirmation from two electricians and our contractor that we had a serious fire risk.
Mark G.
What are your favorite tools/software for Fix-N-Flip
21 December 2024 | 12 replies
Never used software.
Tammy Elias
Change in Management
15 January 2025 | 8 replies
She's not going to have any leg to stand on in court if you get that far unless there's some explicit language prohibiting the owner from assigning responsibilities to another legally authorized party, and I'm guessing there isn't if another PM company was maintaining the lease and provisions - and the fact that the tenant was voluntarily working with the other PM confirms the acceptance of an authorized agent even if it's not explicitly stated, the same way if you accept rent from a tenant after a lease expires you imply acceptance of the lease terms continuing (which is why you should always have a holdover provision).
Thanh Lu
For owners, self management vs hiring a vacation rental company?
28 January 2025 | 17 replies
Most of our clients are professionals - physicians, attorneys, software engineers.
Kyle Carter
Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
I 100% agree with the intent aspect and that is an important premise, but the fact is in this particular situation intent for it to be personal use has been confirmed (by way of a public post).
Account Closed
PM needs ss#
22 January 2025 | 14 replies
.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.
James Jefferson
Reverse Mortgage Options
26 January 2025 | 5 replies
Did you confirm with the bank how much they want for the property?
Robert Zajac
Managing my manager - how to best approach maintenance requests
21 January 2025 | 10 replies
So, they can markup what they paid out and keep the difference.Most PMC industry software has these two options built in.So, it's just a matter of understanding how your PMC is marking up maintenance and not expecting it to be for free.Regarding the specific charges you mentioned - there has to be some level of trust with your PMC.