
7 October 2024 | 35 replies
Because property management is very nuanced and detail oriented and *highly specific* to the location (down to the neighborhood), property type, market condition, expectation of landlord, available local resources, etc., etc., etc.

7 October 2024 | 24 replies
Learn which version is right for you in this detailed QuickBooks Online plans comparison guide:- QuickBooks Online Simple Start: Have employees and issue invoices regularly- QuickBooks Online Essentials: Assign hours worked to customers, track bills due, and provide access for up to three users- QuickBooks Online Plus: Best for retailers, wholesalers, contractors, and other small businesses requiring property cost, inventory tracking, budgeting, and access for up to five users- QuickBooks Online Advanced: Best for small and midsize businesses (SMBs) seeking fixed asset accounting, advanced reporting, custom user permissions, a dedicated support manager, and access for up to 25 users You can use it as a property management software to track lease dates, record maintenance request and moreNothing is confusing to use if you learn it.
5 October 2024 | 5 replies
Zillow was severely lacking and Apartments(dot)com seemed somewhat cumbersome to navigate their CBR, although it at least had good/complete details.

3 October 2024 | 10 replies
I'd ask for their trailing 12 month income statements (a T12) and a current rent roll to start your analysis

7 October 2024 | 12 replies
Keep a detailed record of your attempts to reach them and their responses (or lack thereof).

6 October 2024 | 36 replies
This may seem obvious, but ANALYSIS PARALYSIS.This is the #1 issue I see in new investors.

4 October 2024 | 1 reply
For example In my situation we like to say i’m the sword and shes the shield, as in I go out and look for investments and develop the skills I need for it and shes the budget and risk analysis.

5 October 2024 | 10 replies
I have a house in Toledo, Ohio that I’m trying to get over the line with section 8 inspection.My contractor (who I know and trust) did significant work to ensure the house was up to code.The first scheduled inspection was cancelled by the inspector stating there were too many deficiencies, I endeavoured to reach out for details of the deficiencies but was met with silence and unable to get any info.The second inspection came back with a list of 18 items, some of which I consider petty, such as a small groundhog hole in the backyard.She is also asking for “Front attic window area and front fence needs a full house lead clearance examination by a licensed lead inspector “.

1 October 2024 | 1 reply
In summary, I am curious if this looks like a project others would take on, and I'd appreciate feedback on how I might refine my deal analysis or estimates.

7 October 2024 | 20 replies
Prior-year losses can’t offset W-2 income but can be used for capital gains or future rental income.For audit risk, high earners using REPS face increased scrutiny, so be prepared with detailed records.For material participation, keep a time log with tasks, dates, and hours spent on rental activities like tenant management, repairs, and bookkeeping.