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30 November 2024 | 3 replies
If you don't have a virtual assistant yet, I'd recommend getting one to help with things like tenant communications and coordinating contractors.
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5 December 2024 | 18 replies
Have you ever considered hiring someone that uses software (like Matterport) to 360 map and image your unit for prospective tenants to do virtual tours?
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10 December 2024 | 104 replies
For a fact, they have a "postal address" (they do NOT name it "business" address, notice that... and btw, this is a bought virtual address, look it up, and y'all shall find plenty in the sea, and please, do not spend $1,000 or whatever, or worse, your precious, billable time = money on it.
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3 December 2024 | 3 replies
There have been at least 3 studies that show this is true for virtually every large city in the US (you can internet search this).- buy and hold is currently tough in San Diego.
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5 December 2024 | 554 replies
But I will absolute not value any virtual assets, decentralized or not.
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25 November 2024 | 6 replies
I would love it to be local (rather than virtual).
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2 December 2024 | 13 replies
Visit their office (or request a virtual tour) to assess professionalism.
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25 November 2024 | 36 replies
As others have mentioned, the virtual accounts you can set up for each property was really intriguing to me.
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26 November 2024 | 2 replies
Someone I know bought a ranch to use as a short term rental property in 2021 for $1.7 million.Engineers did a virtual site visit, they were able to assign a value of $347,000 to either 5-7-15 year assets that were eligible for depreciation.In 2021, the bonus depreciation amount that you could take was 100%.This means that the owner could immediately deduct the full amount of eligible property in the year it was placed in service, rather than depreciating it over time.With that in mind, he took the full $347K deduction in his FIRST YEAR of ownership to offset taxable income from rentals.This was roughly ~20% of his purchase price.It was a big win for him.In 2024, the bonus depreciation rate is 60% so the calculation would be different.That said, you can still save and defer a ton.
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25 November 2024 | 11 replies
Plenty of pics and having a virtual tour for potential guest to instill a sense of confidence in the property.