Ryan Sajdera
Is leasehold property a good idea?
20 December 2024 | 3 replies
If the airport authority would deed the buildings to me, it would cause them to be entered on the tax roll.
Ashley Shearer
Property Mgmt - First Right of Refusal Program for Maintenance?
17 January 2025 | 3 replies
We've seen cases for example where clients want to send their brother or cousin to do electrical work that they aren't licensed for.What I don't think would work is to have a ticket come in, and then reach out to a client so they can shop around for plumbers.
Matthew Steele
Lost lease, tenant issue
4 January 2025 | 11 replies
I would let the tenant know that he is not authorized to live there.
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
So, the rulings aren't necessarily as consistent as you would hope. 2.
Zachary Scalzo
Real Estate Investor with a Maid Company - How Can I earn Realtors Business
21 January 2025 | 14 replies
New realtors, new realty companies, new PMs aren't going to have those established relationships and *no* PMs give up the names of their people to anyone else because getting good people is difficult.
Dalton Foote
Value Add MultiFamily
13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
Celine Besson
Managing a renovation from afar
14 January 2025 | 6 replies
If you've got to ask a question on an online forum about managing an out of state or out of country renovation, you aren't ready to do this on your own.
Cameron Marmon
Did I mess up when establishing this LLC for my wife and I?
28 January 2025 | 11 replies
There are so many "easy" decisions when you form an LLC that aren't really easy, and you need a good CPA to see your entire situation before they can give you good advice.
Paul Lucenti
Maximizing monthly cash flow per unit
28 January 2025 | 27 replies
Nothing points to this better than claiming the property cash flows $1,000/m relying on rent collection and debt service/taxes/insurance while responding to my question about other operating expenses/reserves with: "repairs will come and we will fix, but that's why we do our due diligence before we buy so we aren't walking into major repairs".
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
This service is provided by several authorized 3rd party companies.2024 update: If you file more than 10 1099s, you MUST eFile them now.Here are some of the online 1099 filing companies, and you can easily find others:tax1099.comWageFiling.com1099online.comThese companies charge under $5 per form.