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11 January 2025 | 14 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!
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8 January 2025 | 11 replies
I’d love to connect with experienced landlords and investors who can share advice on getting started, selecting properties, and navigating the Section 8 process.
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20 January 2025 | 22 replies
I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.
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23 January 2025 | 15 replies
My comments were not to scare you away from them or any lender in general, I just do not think websites that say they are going to provide you with the best lender for you when in theory they only have a select few options.
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15 January 2025 | 10 replies
Therefore, your financial freedom hinges on new companies continuously moving into the city, creating replacement jobs.Companies have many options when selecting a location to set up operations.
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6 January 2025 | 5 replies
Best of luck with selecting your market—there's a wealth of knowledge and supportive investors here to help guide you along the way.
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11 January 2025 | 9 replies
Also I have done it in the past whenever I had a change in plans and they never had the opportunity to actually be selected.
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14 January 2025 | 21 replies
Bigger Pockets is a great place to find a real estate tax accountant.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.
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14 January 2025 | 8 replies
., unfortunately, to add to the frustration, Buildium's journal entries do not allow you to enter a vendor for the expense, you can only select which GL Account to debit and which payable to credit, so I'd still be stuck not able to track vendors for 1099's, see below.
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21 January 2025 | 10 replies
Educating yourself about common property maintenance processes doesn’t mean you have to become an expert, but even a basic understanding of repairs like plumbing or lead testing can go a long way in helping you make more informed decisions.It’s also worth discussing with your property manager how they select and negotiate with contractors.