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13 January 2025 | 11 replies
Ensure that you thoroughly review your state regulations and display the necessary notices before changing any locks or removing any items left behind.
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16 January 2025 | 0 replies
Pressure to use affiliated servicesHidden fee structuresPROFESSIONAL BOUNDARIES ⚖️Good QIs maintain:Clear fee disclosuresWritten policiesProfessional distanceEthical guidelinesWATCH OUT FOR 👀QIs who:Push investment productsOffer tax or legal advice without credentialsSuggest "creative" solutionsPromise guaranteed returns on exchange fundsBEST PRACTICES FOR VETTING 📋Check multiple referencesVerify professional membershipsResearch online presenceReview complaint historyExamine years in businessINDEPENDENCE MATTERS!
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7 February 2025 | 17 replies
My most trusted and often used contractor who lives in the area, and is practically a friend is the emergency contact.
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20 January 2025 | 22 replies
Always research local regulations before investing.The Importance of a Local Investment TeamA knowledgeable local team is essential for success.
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7 February 2025 | 10 replies
I am realizing some of the gaps in my book knowledge and the practical knowledge required to see a deal all the way through.
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15 January 2025 | 15 replies
If you are able to manage it yourself, I think you will get a lot of very helpful education in real estate by spending a least a year or two doing that.You'll be able to work with property managers a lot better if you've done the work yourself for a bit, and it also helps to get familiar with the various laws and regulations you have to comply with as the owner, even if you do have a property manager in place (e.g., the new RI rental registry and associated lead paint inspections/certificates).It's up to you whether you're able to do it, but I think you'll get a lot out of the experience if you can try it for a year or two.
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4 February 2025 | 6 replies
Also if you are selling, hopefully your agent has advised you but good practice to have a vacant unit to open the buyer pool to owner-occupied buyers/house hackers.
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4 February 2025 | 9 replies
But I'm not an attorney, so maybe I'm totally wrong on this hunch.My 2nd comment is directly within my practice area though.
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22 January 2025 | 1 reply
He said it's standard practice that they don't want agents there.
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25 January 2025 | 91 replies
It is standard practice and component level depreciation is encouraged by the IRS.Though it is very important to track you time as you go along.