
7 November 2024 | 51 replies
Only two payments I did not have to send a reminder and it was never set up for ACH although I have asked several times.

6 November 2024 | 0 replies
Others 15 yrs, etc.So we depreciate a portion of the asset costs faster.We do the study and get dollar amounts assigned to different parts and different schedules to front-load depreciation.Now you can get 5 or 6% of the value as a deduction in the early years...But wait... there's more.Bonus depreciation allows you to deduct a certain percentage of cost in the first year an asset is put into service.Anything that is on a schedule of 15 years or less...So the doors, sidewalks, HVAC, walls, latches, curbs, security, gates, etcA % of this stuff goes in Yr 1.For years 2015 through 2017, first-year bonus depreciation for these items was set at 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019, 0% in 2020.But then the Tax Cuts and Jobs act moved this percentage to 100% from 2017 to 2022 and 80% in 2023 and 60% in 2024.Its not uncommon to allocate 30% of an asset cost to items that can be depreciated on a 15 year or faster time frame.So now 60% of that 30% of your asset's cost can be depreciated in the first year, excluding land.Pretty great.This is how real estate owners, investors, and operators make millions and pay very little in taxes compared to W2 employees.They pay even less and can offset other types of income if they are an RE Pro.

6 November 2024 | 4 replies
One of my main challenges early on was learning to have no expectations and learning to help set and manage expectations with clients.

6 November 2024 | 13 replies
I ended up trying to do the cash for keys, offered them a set amount, offered to forgive the rent they never paid and gave them 2 weeks to move out.

6 November 2024 | 2 replies
On sites like Twitter, I understand why people use pseudonyms or alt-handles, but here, I think it would be in everyone's best interest to add a photo and a short bio and follow the steps that BP sets out for new accounts before posting.

8 November 2024 | 7 replies
The point is simply to save time so you can focus on calling.Our main business is just to set listing appointments for real estate operators for free and take take a percentage of referrals after.

5 November 2024 | 7 replies
It would be a Wordpress site due to the easy to use nature and all the great plug-in's and widgets available.Regarding SEO, there are some basic products that help but SEO has gotten so complex over the years, you really need to hire a SEO company to set it all up a make it worthwhile.The cost could be exorbitant so it might not be worth the effort.

7 November 2024 | 6 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

5 November 2024 | 29 replies
This is something my husband used to manage and he had worked with our bookkeeper to set up QB.

5 November 2024 | 9 replies
It's not, but you have a long way to go.At 23, you should be working as much as possible to set the financial foundation for yourself.