4 July 2024 | 3 replies
So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.

4 July 2024 | 3 replies
Their choices are: 1) Take you to court, which if they didn't follow their own management contract, won't work out for them.2) Try to put a lien on your property, which you could sue them for damages and attorney fees.They sound very incompetent if they did work without your approval AND without upfront funds from you.

6 July 2024 | 25 replies
Property manager also own lots of their own properties/apartment complexes.

4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.

4 July 2024 | 14 replies
I think that complexity would probably stop most people.

2 July 2024 | 0 replies
During the past three years, a healthy proportion of those transactions were motivated by the sale of property in California or Washington/Idaho or Arizona/Nevada through a 1031 Exchange for coastal homes or multi family complexes along the Oregon Coast or I5 corridor.

3 July 2024 | 3 replies
We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

3 July 2024 | 40 replies
I AM NOT GETING INTO POLITICTS BUT THE HOUSES HOUSES HAVE WARRANTIES ON THEM JUST LIKE THEY DO IN AMERICA, SOMETHING HAPPENS TAKE THEM TO COURT LOL.

6 July 2024 | 24 replies
Tenant continually claims “hardship” in court and judge adds additional time for eviction5.

3 July 2024 | 0 replies
Investing in residential multifamily properties allows you to capitalize on this appreciation while benefiting from multiple rental incomes.Easier Management: Managing a small multifamily property in San Antonio is generally more straightforward compared to larger complexes.