Brad Mahoney
Property Management Software Question
6 February 2024 | 7 replies
I am looking for the best and most cost effective software for the following needs:-ACH rent payment and rent payment tracking-Lease expiration tracking-Maintenance costs by property-Maintenance requests by tenants-Document generation for a small amount of documents (lease amendments, late payment notice, etc.)
Mason Myers
How Much Should I Pay for a CPA / Do I Even Need One?
7 February 2024 | 14 replies
I cant tell you how many amendments we have had to do for clients who wanted to do it themselves and lost 5 figures + in tax savings
Ryan Judy
Conversion of two family to three
7 February 2024 | 28 replies
If you dig further into the IBC (and associated Massachusetts amendments per 780 CMR), then you will find the requirements for a sprinkler system to be added for such a conversion or new construction in a three family.
Alan Asriants
Are you planning on increasing your tenants rents in 2024?
6 February 2024 | 23 replies
I'm usually not competing for the same customer as the large multi fam properties, and so my rent market dynamics are different (and hopefully more amendable to rent increases).
Randall E Collins
HUD and/or foreclosure properties.
5 February 2024 | 10 replies
@Randall E Collins One way around the assignment is merely draft an amendment to the original contract with the agent stating "Buyer and Seller agree that XYZ (your end buyer) is the buyer" (or word it how you all agree) BUT have an email with the end buyer and the closing company stating what your fee is first to secure your fee.
Alex L.
City Charging More for Rental Registration Than Ordinance Calls For
5 February 2024 | 2 replies
., they may have amended the ordinance.
Vincent DeLucia
12-month lease set to expire but tenet wants to continue staying at the property
5 February 2024 | 5 replies
Worst case I’d send out a simple addendum…The lease agreement between landlord x and tenant x is amended in the following ways.
Gayle Eisner
Questions about hiring a CPA
4 February 2024 | 11 replies
I have clients that are currently amending taxes because their previous CPA didn't understand this industry.
Haley Stephens
How to Input Cost Segregation Studies into TurboTax
2 February 2024 | 8 replies
HaleyThere are different ways this can go. 1) if you acquired the property in the current year, you would put the assets in your depreciation schedule just as any other asset and take the benefit of accelerated depreciation. 2) If you did a retroactive cost seg, you have to file for 3115 and take the adjustment as section 481 adjustment3) If you did the cost seg on the properties that were acquired last year(only one tax return has been filed), you could amend your return from the prior year.
Timothy Taylor
Chicago Zoning Change Completed, Next Steps?
2 February 2024 | 5 replies
@Timothy Taylor, Obtaining the Zoning Map Amendment (Zoning Change) to RT-4 now "Permits you" from a Zoning Standpount to "Add" the 4th Unit (Assuming you have at least 4,000 sq.ft. of Lot Area).