Chris Purcell
Do you raise rent on good tenants?
21 May 2024 | 41 replies
I can now refi or sell to capture way more value than I lost in cashflow.
Kieran Dowling
Rental Documents Needed
19 May 2024 | 10 replies
You won't believe how effective that is.Accordingly, it makes sense to get the documentation that the largest most successful landlord is using in your property location and follow in his footsteps by capturing his language and process.
Ahmad Aram
Looking to Purchase First Property/Investment
16 May 2024 | 4 replies
I had friends some years ago that in a condo put in high end appliances, it was a chef and his wife, so think $20,000 stove, sub zero refrigerator and top end dish washer.
David Nino
What should a good CPA cost for rental properties
17 May 2024 | 11 replies
The current hire will cost 10x as much but she'll save me an estimated $30,000 in taxes so she's paying for herself three times over.That is a huge amount of tax savings on an annual basis.It may be helpful to the BP community to share what your new CPA is doing that your prior CPA was not doing.With that amount of tax savings, you may want to have her look at the prior tax returns filed and if there are rooms for amendinging them and capturing the added taxes paid.
Maxwell Emerson
How would you capitalize on appreciation?
17 May 2024 | 7 replies
@Maxwell Emerson, the great advantage in a 1031 is that it lets you capture all of the equity for your next purchase.
Ismael Ayala Jr.
DSCR loan uses
16 May 2024 | 3 replies
The goal would be to capture that interest rate and keep it for the next 25 years so that I can cash flow well, if I move again and rent it out.
Nina Zou
Can I ask my applicants to disclose service dog if they have one?
16 May 2024 | 10 replies
Use the term "Animal" to ensure it captures both pets and service animals.No animals allowed.I also recommend you use petscreening.com which is completely free to the Landlord.
Mikhail Egorov
How to Best Track Renovation Costs and Profits for Multiple Managed Properties?
16 May 2024 | 6 replies
A task management tool or simple checklist should help you get your projects done on time and within scope, while something like Quickbooks can capture your costs and inform you of your accounting.
Sam Green
Self Storage
20 May 2024 | 121 replies
The reason I say this is because when this was first posted on biggerpockets.com the industry was different and capturing leads was by far easier.
Farooq K.
Negative cash flow for 2nd rental?
15 May 2024 | 21 replies
Not $200/mo, $2400/year to go capture that in some worse off area and make your numbers work on year 1 & year 2 in a 10-20 year time horizon investment.