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28 December 2024 | 1 reply
This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.
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28 December 2024 | 13 replies
Hi Derek, I am not sure of other companies where you can passively invest but as for Paramount Management I would stay away.
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19 January 2025 | 18 replies
My income is variable because I move companies semi-frequently and I have only been in it a few months.
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7 January 2025 | 9 replies
-----------------------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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7 January 2025 | 2 replies
Will you be managing this yourself or with a local company?
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27 January 2025 | 56 replies
As an example, average year-over-year appreciation in Denver and Colorado Springs where we own properties is between 4-6% over the last 40 years (even accounting for two big dips).
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28 December 2024 | 6 replies
Actually the IRS does not tell us what we can invest in, only what is disallowed (life insurance contracts and collectibles).Allowable investments for SDIRA investing include the following:Residential real estate, including: apartments, single family homes, and duplexesCommercial real estate Undeveloped or raw landREITs (Real Estate Investment Trusts)Real estate notes (mortgages and deeds of trusts)Promissory notes Private limited partnerships, limited liability companies, and C corporationsTax lien certificatesOil and gas investmentsPrivate stock offerings, private placementsJudgments/structured settlementsGold bullion Factoring investments
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6 January 2025 | 12 replies
Property manager (PM) 's lawyer continued the case to get the unpaid rent from the tenant.PMA between landlord and property manager(PM) has also expired so landlord got the property back , but when landlord requested to settle the account and the deposit( there is one month deposit from landlord also), PM refuses since the lawsuit is going on with the tenant, Additionally PM is still charging the monthly property management fees from landlord even though landlord is managing the property.Landlord is done dealing with PM and requested the PM to withdraw the lawsuit against the tenant ( landlord is aware that he will loose 2 months rent), PM came back saying they cannot withdraw the lawsuit since that will violate fair housing law.QUESTION:Does withdrawing unpaid rent case against the tenant violate fair housing law ?
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6 January 2025 | 1 reply
Second piece of advice is to have a trust worthy title company that can guide you.
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31 December 2024 | 6 replies
@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.