Angelo Llamas
Taxes on a new rental
30 December 2024 | 6 replies
Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.
Tayvion Payton
Seeking Advice: Is $850K a Reasonable Offer for This Multifamily Property?
13 January 2025 | 17 replies
If the proforma has the rent roll at $1400 a month, there is a discrepancy that could lead you into a bad assumption on your business plan.Also one caveat, be aware of physical delineations around the area like bridges or railroad tracks or a canal.
Anthony Poulin
Starting a Long Term REI Business Starts Today! Lets go!!
17 January 2025 | 6 replies
This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.
Tyler Koller
Baselane Vs Stessa
16 January 2025 | 31 replies
I really like that Stessa and Baselane offer high earning interest accounts and physical debit cards and sounds like Stessa offers checks.
Kar Sun
Tenant insurance underwritten with landlords name
4 January 2025 | 5 replies
You aren't the insured in this case.Renters insurance does not cover the physical damage of the real property - it covers the tenants personal property and other things.
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
So if there is any kind of physical harm to the tenant say due to slipping on the stairs etc. the tenants renter insurance will cover the medical cost.
Jorge Abreu
Maximizing Unit Potential & Implementing Effective Fee Structures
28 December 2024 | 1 reply
As I've witnessed, rebranding can make a significant difference in the success of a property, even if the physical appearance remains the same.By charging appropriate fees, exploring additional income sources, and undertaking property rebranding efforts, real estate investors can unlock the full potential of their investments.
Patrick Pan
How to find concealed eviction records
31 December 2024 | 17 replies
Does physically going to downtown reveal more info than the Cook County Circuit court website?
Melody R.
Thoughts about the virtual CPA firm The Real Estate CPA?
16 January 2025 | 18 replies
We have emails, video conferences, secure portals etc etc.We do have a physical office, and half of our clients are local.
Leeling Chew
Best Course of Actions To Remove a Difficult Tenant
24 December 2024 | 5 replies
Nor will you get a Constable to go with you if you have not confronted the issues ahead of time......unless you encounter physical violence or a threat to your life, I highly doubt you will get any support in giving an eviction notice to a tenant.