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26 September 2024 | 17 replies
Hi Karolina,To ensure the financials of the 13-unit property are accurate, request the seller’s Schedule E tax forms and bank statements to verify income and expenses.
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27 September 2024 | 10 replies
I’m not kidding.I know this is more complicated than you intended, which is one reason to look at professional private or hard money lenders (sorry, still lecturing), but you owe it to your investors to protect them and ensure they know exactly what they’re getting into.Best of luck to you and your lenders, Anthony.
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25 September 2024 | 3 replies
The platform is heavily supported by AI, offering insights that go beyond tenant retention, including tenant health scores, engagement analytics, maintenance efficiency, payment patterns, and property performance comparisons.RentKeep integrates with property management systems like Buildium and AppFolio, functioning as parallel software to help property managers truly understand the data behind their properties.
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25 September 2024 | 5 replies
Granted, it can become more efficient if you are using your OAs as templates for each new deal, and only changing basic business terms.And as for BRRRs, owning in an LLC does change your financing options.
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25 September 2024 | 11 replies
@Matthew Samson It's generally more efficient to use one CPA for your entire portfolio, as they can manage multi-state filings and streamline your tax strategy.
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24 September 2024 | 4 replies
I highly recommend Jennie - she was knowledgeable, efficient, transparent, and accommodating.
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26 September 2024 | 9 replies
What would need to happen is your tax pro would need to assist with a 1065 partnership return for both of you (ideally) to ensure its being done right.
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25 September 2024 | 9 replies
Bringing your family along also puts a serious damper on that the primary purpose of the trip was actually for business - not impossible, but in my eyes it definitely taints it in a way that you really want to ensure everything is buttoned down on the business purpose and the actual business activity that occurred.
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27 September 2024 | 27 replies
Your takes on property management on BP are some of the finest I've read--wise, clear, efficient, professional, timeless--and thus excellent guidance for investors at every stage.On this issue however, I believe MTR is a long-standing, if unnamed, niche within LTR.
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25 September 2024 | 0 replies
Market Alignment: Price corrections help align property values with current market conditions, ensuring that buyers are paying fair prices and sellers are receiving offers that reflect the true worth of their properties.2.