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28 January 2025 | 6 replies
I just finished reading "Set for Life" by Scott Trench.
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14 January 2025 | 2 replies
Both are almost set in stone.
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26 January 2025 | 16 replies
This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy.
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30 January 2025 | 19 replies
We never set a flat fee rate just out of a whim, or price strategy, it's part of the operational strategy which is different, as it's all about efficiency.
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29 January 2025 | 9 replies
To make taxes easier we set up a business checking account and had all the rent paid into that account and all the expenses paid out of that account.
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23 January 2025 | 0 replies
Also, I have heard about the benefits of having an LLC set up to manage rental properties but not sure if this is advisable at my stage (e.g., not a lot of properties to manage).
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21 January 2025 | 40 replies
But, you'll need to get with an REI-savvy bookkeeper/firm to help you set it up since it's not an REI-specific software.
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29 January 2025 | 5 replies
I will send you a connection and we should get a call set up to discuss.
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22 January 2025 | 3 replies
With that said I'm curious as to what would be the best business set up (sole, LLC or Corporation).
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29 January 2025 | 4 replies
Extra set of eyes, second opinion and diversity of your own investments