
20 November 2024 | 3 replies
Bonus is they helped me become an anonymous owner through the LLC's and trusts.

13 November 2024 | 0 replies
I recommend that you learn the tax code and take ownership over your strategy.Not having some foundational knowledge and an opinion on how to approach taxes as a business owner is a huge mistake.In my experience, every single business owner who says "I just let my CPA worry about it and I focus on my business" is doing a suboptimal job at tax planning.They are likely missing out on 10s or hundreds of thousands in saved dollars every year.Stop making excuses and get to work.Just a few months of part-time learning about taxes will pay you for the rest of your career.

19 November 2024 | 23 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

19 November 2024 | 1 reply
I love it and want to understand how it works.Does anyone know if the results of these surveys impact the rental owner's listing?

19 November 2024 | 0 replies
Once you read the explanation below, you will understand how REALLY bad things can be if you don't get the letters but go through with the purchase.First, the owner/seller should have a clause in the lease requiring tenants to sign (or object to in writing) tenant estoppel letters if presented to them.

25 November 2024 | 36 replies
I am a NJ PM owner and started using Baselane, as well, for its ease of setting up virtual accounts, transaction categorization, and overall organization.

18 November 2024 | 2 replies
@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

18 November 2024 | 14 replies
Quote from @Karl Kauper: Good morning- Just “boosting” this thread this morning in hopes of more feedback from property owners in the Cleveland area.

21 November 2024 | 3 replies
I want to present Investor A with a hefty down payment to cover improvements of his other assets, while also offering owner finance terms so that in the 3-5 year period he can “sell” the properties to me which I have been paying off throughout the time, so that investor A can successfully 1031 into another investment at that time.

22 November 2024 | 15 replies
Plus look for a handy person to take care of any maintenance issues that crop up.You will need to look at each and every room with a critical eye of a guest and not the owner.