Operational Efficiency: What are the most effective operational practices you've implemented that have streamlined operations and reduced overhead costs?

., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return. 

Then, if you want to get into flips in the future, you'll be locked and loaded.I find wholesaling a rather dark practice and of questionable ethics, mainly because most wholesalers don't properly disclose what they are in fact, doing. 

Many doctors who develop enough extra income to invest, start in syndications until residency is over and practice is going.

It is a common practice in the industry to ensure the property aligns with your investment criteria and expectations.

This can help set your facility apart from standard self-storage options and attract a broader clientele.Citations:[1] https://www.brandbucket.com/name-ideas/storage-facility-busi...[2] https://www.brandroot.com/storage-business-name-generator[3] https://domatron.com/article/warehouse-name-ideas[4] https://brandongaille.com/30-catchy-storage-facility-busines...[5] https://www.selfstoragetalk.com/forum/general-self-storage-f...[6] https://www.constantcontact.com/blog/warehouse-names/[7] https://clearlyinventory.com/resources/inventory-basics/how-...[8] https://www.nichepursuits.com/storage-business-name-ideas/[9] https://namefatso.com/blog/storage-business-name-ideas[10] https://www.creativesafetysupply.com/articles/creating-an-ef...[11] https://www.datalinx.co.uk/blog/how-to-name-and-label-wareho...[12] https://www.starterstory.com/storage-locker-business-names[13] https://www.lawa.org/-/media/lawa-web/tenants411/file/dch201...[14] https://tritonstore.com.au/warehouse-rack-labelling-best-pra...[15] https://www.infopluscommerce.com/blog/warehouse-rack-labelin...[16] https://www.scanforce.com/blog/creating-a-warehouse-location...[17] https://www.linnworks.com/blog/warehouse-rack-labeling-ideas...[18] https://www.granitewms.com/news/warehouse-101-inventory-basi...[19] https://www.linkedin.com/advice/1/what-best-practices-naming...[20] https://www.reddit.com/r/editors/comments/7jd83a/what_do_you...Given your storage facility's location in Manteca, CA, and the diverse range of services you plan to offer, it's essential to choose a name that not only reflects the multifunctionality of your services but also resonates with the local community and potential customers.

Holding the security deposit in its own account is a very good practice; but also make sure that there is some sort of "continuation" for that account.

.), but NYC is a tough market to operate especially when tenants become trouble.. would say standard eviction timeline is currently around 18 months, it's a nightmare when it happens that's why we are very well set up and we make sure to have a good relationship with tenants, (we can talk about NYC a different time,) bottom line it is a market with practically no vacancies, and crazy good rents, but very challenging to operate.All being said, I am looking to evolve into different markets, problem is I have no idea how evaluate a market and what I need to consider and how to even do market research on anything outside of NYC.. so, I would appreciate for some input on how to find deals, understand and underwrite different markets. 

I'm also working on simultaneously running Wheelhouse which has made great leaps recently, and AirDNA.

Andy You don't need to notify the tenants for common areas provided there is no expectation of privacy in those areas, however as another posted, you may still piss someone off so the best practice is to send a message that you will be doing common maintenance work.