Mitchell Coles
High-Performing Townhouse Rental in Charlotte's Historic Fourth Ward
7 November 2024 | 0 replies
This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.
Mitchell Coles
High-Performing Townhouse Rental in Charlotte's Historic Fourth Ward
7 November 2024 | 0 replies
This approach allowed me to close quickly and efficiently while maintaining flexibility to make the minor updates needed to modernize the property and position it as a high-performing long-term rental in Uptown Charlotte.
Mitchell Coles
Foundation for Community Revitalization: Land Development in Morganton, NC
7 November 2024 | 0 replies
By presenting my vision for revitalizing the community and showcasing my ability to execute the project efficiently, I negotiated favorable terms that aligned with the long-term development goals for the area.
Brody Veilleux
Managing multiple bank accounts and accounting for them
9 November 2024 | 9 replies
We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.
Dayton Bishop
How to get into investing even though I have no money to do so
8 November 2024 | 10 replies
This is a game where time and information are the most valuable assets, and that's why a job related to real estate can maximize your efficiency.
Derek Bell
Entitlement for assisted living property
6 November 2024 | 1 reply
Costs will be far lower, but an owner/operator would still get the benefit of staffing and material efficiencies. - You could consider owning those as rentals and leasing out to the businesses. - You could sell the land to an owner/operator who wants to build assisted living. - You could own and operate those yourself and just hire great management or bring in a management company.
Julio Gonzalez
When to Capitalize vs Expense
5 November 2024 | 0 replies
To determine if the expense should be classified as a capital improvement or a deductible repair, the context of the expense is very important.An example is, if an item of expenditure is part of a general plan of modernization, renovation or rehabilitation to equipment or other business property, it typically must be capitalized even though on its own it would be currently deductible.According to IRS Code, expenses that you must capitalize are those that:Materially increase valueSubstantially prolong useful life (including replacement of deteriorating assets)Adapt the property to a new or different useHowever, you are allowed to deduct expenses and fees for routine maintenance and repairs that help keep the property in efficient operating condition.
Jonathan Greene
Constructive Criticism Will Help You as a New Investor More Than Blind Faith
8 November 2024 | 53 replies
It's more efficient.
Jose Quinones
Partnership structure advice
6 November 2024 | 6 replies
Or maybe use the cash they’re willing to front for a bigger better deal where the cash can get used more efficiently but again, how?
Audrey Sommer
What are the best way to market a long-term rental?
6 November 2024 | 12 replies
Nathan mentioned using a syndication site to push your listing to multiple sites at one time which is also something that I recommend in order to expose your property to as many sites as possible.Some things to consider to maximize the efficiency and giving a perspective resident a great experience from the beginning to having a scheduling link available in your description for specific days and times that you can show the property so that you can capture your leads wanting to tour the property without them having to wait for a response from you and scheduling a one off time.I would recommend investigating in having professional photography taken if you are leasing in a market that has a lot of competition since your photos will have your property stand out and drive traffic.Good luck!