Elizabeth King
Does my property have to be in LLC to benefit from real estate tax advantages?
2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
Even then its often more cost effective to work more with what you have.
Gene D Stephens
Experience with Adverse Possession?
30 December 2024 | 7 replies
There's some mis-information and mis-understanding of AP, the process and it's effect in this thread.
Spencer Dixon
Property manager recommendation
20 December 2024 | 4 replies
To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!
Julie Muse
Quick Turnaround Triumph: Bayport Drive Success in Lancaster, TX!
24 December 2024 | 2 replies
It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.
Troy Smith
CPA tax advice.
9 January 2025 | 11 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
The sooner you regain control, prove that you fully intend to enforce the terms of your lease, and that you will not be 'played' by their recall of events or documents, the more effective this action will be.
Sousie El
Seeking Legal Advice on HOA and Water Damage Issue
2 January 2025 | 2 replies
Are there any cost-effective ways to handle this situation legally?
Jorge Abreu
📉Lowering Expenses and Increasing Efficiency
28 December 2024 | 1 reply
By exploring options for cost-effective utility usage, such as installing low-flow fixtures and implementing irrigation systems, we can significantly save on water expenses.To keep things running like a well-oiled machine, you’ve got to have a rock-solid asset management plan.
Janet Behm
Corporate Transparency Act (CTA) under PRELIMINARY INJUNCTION
23 December 2024 | 2 replies
This decision effectively reinstates the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting requirements nationwide, pending the Department of the Treasury’s appeal resolution.Click herefor the full article which includes the new reporting deadlines.