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14 August 2024 | 4 replies
I don't really want to seller finance it, but I figure that opens up my buyer's pool a bit.
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15 August 2024 | 13 replies
Any additional tips or corrections would be greatly appreciated.Example:If the PM sends an owner statement showing:Gross Rent Collected: $3,000Property Management Fee: $300Miscellaneous Expenses: $200Net Rent (Amount Deposited): $2,500In QBO, I would:Record an income entry of $2,500 for net rent.Separately, record any additional expenses paid directly, such as:Mortgage: $1,200Insurance: $100Property Taxes: $150Summary:Property Accounting: Handled by the PM company and detailed in the monthly owner statements.Corporate Accounting: Recorded in QBO, focusing on net rent income (after PM deductions) and any additional expenses incurred.Please let me know if this approach is correct and if you have any suggestions or adjustments to ensure compliance and accuracy in my accounting processes.Thanks for your guidance!
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15 August 2024 | 8 replies
Keep things tidy, keep track of your work, and ask for tips from guides and other people in the field.
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13 August 2024 | 2 replies
You have a larger pool of risk tolerances from different lenders (less risk = better terms, more risk = worse terms). 3.
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14 August 2024 | 0 replies
Specifically, I’m interested in discussing:-Trends and opportunities in the San Antonio and Austin real estate markets-Tips for successful cosmetic renovations and cost-saving strategies-Potential partnerships or joint ventures on upcoming projectsFeel free to share your experiences, insights, or even just say hello!
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15 August 2024 | 26 replies
I'm in here searching for software tips.
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14 August 2024 | 22 replies
Also, any other tips on buying long distance investment property are appreciated!
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14 August 2024 | 1 reply
I'm looking for deal structure, pros and cons, tips, etc.My goal is to buy some of these new small affordable starter homes at a price that will cash flow, after foregoing my half of the equity split.
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13 August 2024 | 5 replies
We have been switching back to laminate this year in our Berwyn and Cicero rentals as the renter pool has been ok with it.
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16 August 2024 | 19 replies
The 2 main reasons for increase were as follows:-Many carriers have moved out of Colorado or no longer offer coverage for HOA communities, so there’s a smaller pool of insurance companies to choose from.