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29 January 2025 | 5 replies
If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.
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29 January 2025 | 2 replies
If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.
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24 January 2025 | 0 replies
Attorney’s Fees; Collection Related Costs; Jury Waiver.
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29 January 2025 | 10 replies
Once you go with a minimum 6 month lease your turnover costs, potential damage, make ready costs, repainting and repair costs, all go down dramatically.
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29 January 2025 | 2 replies
Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.
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7 February 2025 | 13 replies
Sure don't do the renovation, I only do renovations that project a return of 2x the cost of the renovation.
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6 February 2025 | 4 replies
If they tenant is $300 below market, that's costing you $3,600 a year.
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7 January 2025 | 22 replies
That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.
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7 February 2025 | 1 reply
It costs roughly $100/mo but is well worth the expense.
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3 February 2025 | 3 replies
Most PM software allows late fees to be charged.Ours allows us to absorb the cost of tenants paying electronically thru the software - it usually wants to charge tenants, but we want them to pay electronically.We manually charge tenants a Processing Fee for mailing in their rent, a slightly lower Processing Fee for depositing to our bank.Your success will depend on the Class of your tenants.