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Results (10,000+)
Russell Payne Short Term Rental Vs. Long Term Rental
25 April 2024 | 93 replies
.$5500 income Minus $550 (10% for property management that coordinated cleaners, some maintenance, restocking, communicating with guests which I took over eventually because I was much better / more invested in it.)Minus $300 for bills (water elec cable / internet gas)Minus $100-150 for each clean Remember you have a 5 bedroom house and your 15 guests just spilled beer all over the place, dirtied the **** out of the kitchen and all the bathrooms, tracked dirt in the house, and maybe smoked weed inside And you have to strip all the beds and sheets and everything and remake everything / restock everythingThat’s a 3+ hour job for at least 2 cleanersNow you can find cleaners that are cheaper, but will they do a half *** job and hurt your ratings (this is common in volume Airbnb businesses), be able to show up consistently and on off times (Friday at 11 am and then also Sunday at 11 am).
Felix Lilly Looking for a house hacking property near Boston MA.
22 April 2024 | 4 replies
Single families are much less common, it's mostly multifamilies.
Makenna Ryan Invitation to covered land play
22 April 2024 | 3 replies
@Makenna Ryan What you're talking about is fairly common, "Land Banking" it the term I use most.
Shivam Patel Defining a buy box
22 April 2024 | 4 replies
Reason is its the common build in the US.
Benjamin Spiegel Redwood Breaks Bridgeport, CT, Commercial Sale Record on a Price Per Unit Basis
22 April 2024 | 0 replies
Minor updates to common areas and the exterior were also made to enhance curb appeal and leasing prospects.Concurrently, rents for the remaining two legacy apartment tenants were raised by 10-20% upon lease renewal.
Cora Gilmore Tax info from a Property Manager
22 April 2024 | 10 replies
We have the ability to provide a host of reports but the most common tax documents that we provide are 1099's and Year End Cashflow statement. 
Julio Gonzalez Commercial Real Estate and Property Tax Regulations
22 April 2024 | 0 replies
The three most common approaches include:Cost approach: An estimate of the replacement cost less depreciationIncome approach: Calculation of estimated potential rental incomeSales approach: Uses comps of recent transactions on similar propertiesBe sure you are leveraging the tax incentives availableIdentify any applicable tax incentives available for commercial properties - historic tax credits in certain areas, opportunity zones, environmental sustainability, etc.Understand available tax deductions, credits, and rebates - Tax deductions decrease the taxable value of a property, tax credits directly reduce your tax liability dollar for dollar and tax rebates are a refund of taxes paid under certain conditions.Utilize a cost segregation study - Cost segregation allows you to reclassify assets into categories with shorter useful lives, therefore accelerating depreciation and creating tax savings.Leverage energy incentives and deductions - Look into the Section 179D deduction and how you can save on tax by meeting certain standards to make your property more environmentally friendly.Best practices for commercial real estate owners and monitoring their property tax regulations:Plan proactivelyWork with a professional to receive guidance on complex regulationsUtilize specialized software tools to drive efficiency and compliance.What questions do you have regarding property tax valuations?
Kashta Andrade Booker Email template for Out of State Mortgage Lender
22 April 2024 | 5 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
Yelena Korshak Advice on Declined Requests Impacting Visibility
22 April 2024 | 12 replies
It seems to me that if you are running a MTR it will be common to have a month or more vacant between renters.