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21 March 2024 | 12 replies
For example, if you decide to form an LLC for your properties now but later realize a different corporate structure or combination with a trust is more suitable, you have the flexibility to make those adjustments, albeit with some inconvenience and added expense.Curtis on the accomplishments and good luck with your Investments.
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20 March 2024 | 21 replies
You would not take less yield for something more risky, this is "risk adjusted yield".
20 March 2024 | 2 replies
However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.
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20 March 2024 | 6 replies
Or you could find a group with a 30 year fixed (or Adjustable Rate) with reduced or removed Prepayment Penalty, but they will usually charge extra points or a higher rate to do it.Not 100% sure on the strategy behind it, but would be happy to connect and talk through either.Good luck!
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19 March 2024 | 11 replies
I love pricelabs bc it adjusts pricing automatically on what is going on for demand in the area.
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20 March 2024 | 24 replies
Be willing to adjust the rental price if necessary to attract potential tenants.Implement the following steps to increase your chances of finding suitable tenants and minimize vacancies.Generating Interest and Attracting Potential Tenants:Making the Listing Take professional photos!
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19 March 2024 | 22 replies
These are tax deductible contributions which decreases the Tax you pay, and not your adjusted gross income.
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18 March 2024 | 2 replies
We conduct the manual journal entries for our bookkeeping Clients each month so QBO reflects all of the transactions behind the deposits made by each PM.I understand that may be too much work for a $50-100M portfolio each month.Hopefully, the PM software companies are beginning to explore integrations with QBO but we haven't seen it yet.
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22 March 2024 | 81 replies
If you call, manually, on your own, you probably couldn't generate enough complaints for them to even investigate whether you met the 'telemarketer' definition.
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19 March 2024 | 21 replies
She answers email questions quickly, and when she sends you the completed return, if you use Quickbooks, she sends the adjusting entries.