
8 September 2024 | 101 replies
Tenants who felt it their right to drop by my house after moving out and not receiving an immediate refund of their security deposit (versus 30 day timeline communicated in writing).Perpetually "nomadic tenants" that thought moving every year was a normal part of life (costing 1-2 months of lost rent/year).Constant maintenance/repairs from tenants that that let children destroy walls, carpets, and fixtures, repairs that inevitably fell on owners to repair for any subsidized housing program inspection.

8 September 2024 | 29 replies
This was corrected by a support person who refunded you the balance to your ispeedtolead acccount.

9 September 2024 | 12 replies
When we buy a roof they see the expense in our income/expense data from Yardi and make the appropriate deduction to depreciate it over the correct time period for that filing year.

7 September 2024 | 0 replies
**Maximize Deductions**: Use QuickBooks to tag and categorize your expenses correctly.

6 September 2024 | 5 replies
This does not sound correct

6 September 2024 | 8 replies
To maximize the number of transactions you’re involved in you will need to:Be Top of Mind when they think about moving - which requires consistent reminders.Be seen as an Expert – which requires a consistent message and Evidence of Success storiesGain their Trust – which requires communicating integritySo, start out by listing everyone you know in an Excel spreadsheet.

4 September 2024 | 13 replies
I basically group the business into 2 segments, administrative tasks (pricing, marketing, guest communications) and field tasks (cleaning/maintenance).Part of being a successful operator of anything, you have to know your strengths and weaknesses.

6 September 2024 | 8 replies
You don't even need an LLC for a rental property, especially if there is a mortgage on it.Make sure you have the correct type of insurance as your number 1 priority.My partnerships have a separate tax return and it issues a K1 for my personal return.

8 September 2024 | 18 replies
Your instincts are correct regarding used furniture, unless you have someone you have rapport and trust with already it will be a major hassle coordinating picking up used furniture.