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Results (7,515+)
Ajul Shah Bonus depreciation on primary converted to rental
21 May 2024 | 8 replies
I have had conflicting advice from cost segregation specialist versus our CPA.
Coty B Lunn Managing Investment Properties: With or Without a Property Manager
18 May 2024 | 2 replies
Let's explore some effective approaches for managing investment properties:With a Property Manager:Screening and Selecting Tenants: Entrust your property manager to handle tenant screening, background checks, and selection, ensuring reliable renters for your investment.Rent Collection: Property managers can ensure timely rent collection and handle any late payments or lease violations professionally.Maintenance and Repairs: Delegate routine maintenance tasks and repairs to your property manager, who can coordinate with contractors and vendors to keep your property in top condition.Tenant Relations: Property managers serve as the primary point of contact for tenants, addressing their concerns and ensuring a positive rental experience.Lease Enforcement and Evictions: Trust your property manager to enforce lease terms and handle the eviction process if necessary, following legal procedures.Financial Management: Property managers can handle financial tasks such as budgeting, accounting, and financial reporting, providing you with regular updates on property performance.Without a Property Manager:Self-Management: Take on the responsibility of managing the property yourself, handling tasks such as advertising vacancies, screening tenants, and collecting rent.Outsourcing Specific Tasks: While not hiring a full-time property manager, consider outsourcing tasks like maintenance and repairs to trusted contractors or service providers.Utilizing Technology: Leverage property management software and online platforms to streamline processes such as rent collection, lease management, and maintenance requests.Establishing Clear Policies: Set clear policies and procedures for tenants regarding rent payments, maintenance requests, and lease terms to minimize conflicts and misunderstandings.Regular Inspections: Conduct regular inspections of the property to identify maintenance issues or lease violations early on and address them promptly.Building Relationships: Maintain open communication and positive relationships with tenants to foster a sense of community and encourage better care of the property.Whether you choose to hire a property manager or manage the property yourself, effective communication, attention to detail, and a proactive approach to property management are key to maximizing returns and maintaining the value of your investment.
Joseph Skoler Transfer real property from s-corp
20 May 2024 | 28 replies
Notice that the article doesn’t cover asset distributions (only the exchanging of stock).I'm not doubting you, but if you google "what is an llc" you'll see sites like investopia, forbes and others that should have some credibility all with conflicting information about what an LLC is, calling it variously an "entity structure," a "legal structure," and a "business structure."
JT Stanford First Homebuyer - Multi-unit House hacking in Chicago - Little to no money down
17 May 2024 | 7 replies
However, I have also been getting conflicting information about a commercial loan servicer not being the best route, and would prefer not to have to stay in the multi-unit for multiple years via programs like NACA if possible.
Jack Anderson Questions on depreciation and showing material participation
16 May 2024 | 4 replies
I've seen conflicting answers on this.
James Back Eviction Experience/Lessons Learned Cincinnati Ohio
16 May 2024 | 5 replies
We are all human beings so being humble and trying to work with people often seems easier than creating conflict.
Robin Evans Room rental questions
16 May 2024 | 15 replies
We have not had any gender-based conflicts.
Mallory Austin Should I invest in a home on the "troubled" Westside of Atlanta?
16 May 2024 | 28 replies
We are very conflicted because we have heard opposite advice from seasoned real estate professionals and developers.
Ashley Wilson Vertical Integration - Savior to Multifamily (MF) Investing?
16 May 2024 | 11 replies
From the LPs perspective, it comes back to pros and cons, just like talking from the GP/Operator side.Since in-house property management really thrives at scale, when your GP has an in-house management team, it MIGHT create a conflict of interest.  
Brittany Farrell Problem with contractor... and now he's threatening a lien on my building
15 May 2024 | 11 replies
I'm very conflicted but open to any honest and good-willed feedback!