Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
. - PM provides a cash based accounting report every month, for every unit under management, that clearly labels all rent, all expenses, including management fees, and the net directly ties to the amount of money deposited into my bank account.- PM is a licensed handyman, or has them on staff, and takes care of most unit turn work at a reasonable rate. - PM has no breakup/termination fee- PM does not take project management fees, except on large or complicated CapEx projects exceeding $5,000.
Garrett Ramela
What's going on with Azibo? Any recommendations?
20 January 2025 | 4 replies
When you have employees promoting the platform like it is the best platform ever and free accounting services, it was going to go down sooner or later.Pretty sure their other services are going to go down shortly.Baselane is offering assistance I believe, but they are just like Azibo.
Isaac Watson
Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
Networking, local meetups, door knocking, mailers, wholesalers, online forums specific to your area of interest.
Nate McCarthy
How to approach landlord about buying their rental?
13 January 2025 | 12 replies
Sometimes you get lucky.You could even bring up the subject of seller financing (search online for ideas of how to structure a seller financed offer), and make sure a competent real estate attorney helps write the offer documents (if it gets that far).
Jorge Caceres
Utilities included worth the risk?
7 January 2025 | 28 replies
No MTR tenant wants to open an utilities account in their name for a few months.
Andrew Katz
What year do I count income for?
15 January 2025 | 9 replies
this is where the gray area comes in with accounting.
Niklas Zhu
Cost segregation recapture on a teardown property
31 January 2025 | 3 replies
However, the depreciation claimed while the property was a rental must be accounted for upon the future sale of the personal residence, which could increase your capital gains tax liability.The adjusted basis of the property (original cost minus depreciation) will be used to calculate gains or losses at the time of sale.
Christian Solis
Choosing my business entity
31 January 2025 | 4 replies
This is a question for your attorney and accountant on how you will manage the company etc.
Jason Lopez
Do I need an LLC for my rentals?
31 January 2025 | 9 replies
It's just going to cost you quite a bit of money to have your accountant prep all of them.
Natalie Gelbke-Mattis
Ready to scale our hospitality portfolio
21 January 2025 | 2 replies
Consider connecting with local REI meetups, hospitality groups, or even online forums like this one to find like-minded investors.You could also pitch your successful track record to potential equity partners.