
20 May 2024 | 4 replies
I don't know of any resources set resources, it reminds me of when I was starting a food truck back in 2012 there wasn't much web presence or resources.

20 May 2024 | 13 replies
This means more time and money spent on marketing and preparing the property for new tenants.Wear and Tear: Student tenants may not take as good care of the property, leading to more frequent repairs and maintenance.

21 May 2024 | 48 replies
I had to deal with a lot more issues than I've ever had in non-S8 rentals like extensive property damage and also bed bugs, roaches, drain lines completely clogged up by grease (I learned what sewer worms are, look it up), spray paint art on walls and food on ceilings, noise complaints, police at the property, removing dead bodies, etc. 4.

21 May 2024 | 25 replies
Are you prepared to self manage?

20 May 2024 | 2 replies
Yes I plan to get with the city but trying educate myself to go in prepared.

19 May 2024 | 7 replies
Tax preparers usually charge another $500 to prepare the 3115 calculation schedules per property so that saves you money.

19 May 2024 | 5 replies
Just some food for thought.https://www.mobilehomeuniversity.com/mhp-mastery/the-new-par...

22 May 2024 | 30 replies
Here's a PARTIAL list:Office rentComputers, printers & softwareInternet & phone billOffice furnitureOffice supplies: paper, postage, ink, etc.Office liability insuranceAuto expenses: monthly payment, insurance, gas, maintenance, registration/plate feesBroker license fees: annual, monthly board & MLS fees, continuing education fees, E&O insuranceEquipment: lockboxes, signs, etc.Payroll & payroll taxesBusiness income tax preparation and paymentsLabor: answering phones, calling past due tenants, scheduling tours, taking marketing pics, processing those pics, writing ads, researching rent amounts, posting ads, explaining to owners how rent determined & showing where ad posted, opening & processing mail, posting payments, bank deposits, scanning documents & posting to owner & tenant portals, explaining accounting to owners so they understand their monthly statements, taking pics/videos of repairs, finding reputable handymen and contractors, confirming they're properly licensed & insured and tracking annually, verifying repairs done properly, processing invoices for utility bills, repairs, taxes, city inspections, scheduling periodic property evaluations/inspections with tenants that don't want strangers in their homes, explaining to owners why taking so long, and more & more & more...

19 May 2024 | 17 replies
@Priti GuptaYes, from an accounting and tax return preparation standpoint it is better to have a business bank account and a business credit card from the beginning if you plan on collecting rent.

17 May 2024 | 8 replies
I believe we have approached 5 CPA's or tax preparers in Colorado.