Emily Mohr
Best all-in-one property management and accounting software
31 October 2024 | 7 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
Rene Hosman
I can easily and consistently track my rental property cash flow each month.
5 November 2024 | 29 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
Hunter Gibson
Where to post your property for rent
30 October 2024 | 8 replies
We syndicate to 50 different rental websites, some key websites that are missing in my opinion are: Realtor.com - Another solid option for reaching renters.Trulia - Similar to Zillow, with good visibility.HotPads - Focused on rentals and popular among renters.I recommend looking into the MLS syndication if you aren't using a third party that automatically syndicates the listings.
Heidi Kenefick
1031 exchange and depreciation recapture?
28 October 2024 | 34 replies
No, it is not automatic!!
Spencer Herrick
Lease end; Vacating tenant
28 October 2024 | 4 replies
A lot of leases include language about the lease automatically renewing if no written notice is given.
Julio Gonzalez
The Short- Term Rental Loophole Explained
31 October 2024 | 11 replies
However, this is a difficult qualification to meet, especially if you have a full-time job outside of real estate.Don’t worry if you aren’t able to qualify for REPS status, because there is another strategy that is referred to as a “loophole”, which is the STR strategy.Per Section 1.469-1T(e)(3)(ii)(A): there are six exceptions where your rental property income is not automatically considered to be “rental activity” and thus may unlock the door for being able to offset these losses against your active income.The average customer use is seven days or less.The average customer use is 30 days or less and significant personal services were provided (for example, daily housekeeping).Extraordinary personal services are provided, regardless of the duration of customer use.The rental is incidental to a non-rental activity.The property is available during defined business hours for non-exclusive use by various customers.The property is used in an activity conducted by an S Corporation, partnership or joint venture in which the taxpayer holds an interest.If your property qualifies by meeting one of the exceptions above, the next step is to demonstrate material participation in the rental activity.
Johan Garcia
Do You Automatically Qualify for REPS If You're an Employee in a Real Estate Business
21 October 2024 | 2 replies
This question has come up a few times with prospective clients recently, so I thought I'd shed some light on it.Generally, being an employee in a real estate business does not automatically qualify you for REPS unless you own at least 5% of the employer.
Jamie O'Connell
Section 8 - My Experience Two Years In
7 November 2024 | 45 replies
Two months out from end of the yearly lease I reach out to the tenants Rep and tell them what I think the lease should be moved up to (go off FMR) and they approve or deny (always approve so far because I am realistic) an automatically increase it at the one year mark
Brian Scott
PMI cancelation question
24 October 2024 | 12 replies
New Garage door on detached 2 car garage.My mortgage company is Citizens Bank and from looking at their rules for PMI cancelation(per google AI) they are:"Citizens Bank will automatically cancel private mortgage insurance (PMI) when your loan-to-value (LTV) ratio reaches 78%.
Victor Soni
Home Depot Perks
24 October 2024 | 18 replies
Will this change automatically happen or do I need to do anything?