Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 3 replies
Here’s a breakdown of the key elements you should include in your subcontractor agreement:Subcontractor’s Information:Full legal name of the subcontractor or company.Contact details (address, phone, email, etc.).Project Information:Internal Project ID or Purchase Order Number (if applicable).Project address.Clear identification of the specific scope they’re responsible for (e.g., electrical, plumbing).Project Timeline:Start Date: For the portion of work they are completing.Completion Date: Set realistic deadlines for their tasks, adjusted to your overall project schedule.Liquidated Damages:Specify a daily amount to be deducted from their final payment if they fail to meet deadlines (with exceptions for factors beyond their control, like severe weather).
George Jackson
Skip Tracing Resources
10 January 2025 | 2 replies
I’ve worked with a few tools for property intel, and while no service is 100% accurate, some options have stood out for specific use cases:BatchLeads: They offer a solid skip-tracing tool with good accuracy and detailed reports.
Tannia Castro
New to Rental Property Investing
14 January 2025 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Yvonne Wang
Example of a contractor contract and work list?
4 January 2025 | 3 replies
I'm wondering how much specifics I need to include for each line item.
Garry Lawrence
19-Year-Old Closing on First Rental Property – Seeking Advice!
11 January 2025 | 12 replies
Are there any specific clauses I should include in a room-by-room lease for a shared living space?
Yehuda R.
Renting My Property to Traveling Nurses. Seeking Advice.
8 January 2025 | 5 replies
However, I’d love to hear from anyone with experience in this market.What platforms or services have you found most effective for connecting with traveling nurses?
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.
Colby Burns
Omni Key Realty insight for investors in North Texas.
3 January 2025 | 5 replies
I have been to the DFW area a few times but not specifically to these northern suburbs, but I know that DFW is one of the fastest growing metro areas in the country with a robust economy, and I expect it to keep growing.
Eric Coats
Running STR #s for Newbie
10 January 2025 | 19 replies
@Eric Coats, to answer your specific questions, estimating expenses are pretty simple.