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18 January 2025 | 16 replies
I don't have any experience in Augusta, but if you are interested in Detroit or Memphis, happy to connect and knowledge share.
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26 December 2024 | 4 replies
I am looking at a 5 unit building that I want to do a condo conversion on. 4 units would be vacant 1 has a rent controlled tenant in there who does not want to move. I would owner occupy it so I don't know if I have a...
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18 January 2025 | 11 replies
Some key qualities to look for include:- **Responsive communication**: A PM company that keeps you in the loop and addresses issues promptly- **Local expertise**: Knowledge of the Birmingham market and experience with Section 8 tenants.- **Proactive maintenance**: Regular inspections and quick resolution of maintenance issues to keep tenants happy and properties in good condition- **Transparent reporting**: Clear and detailed financial reports so you know exactly where your money is goingIf your current PM isn’t meeting these standards, it might be worth exploring other options.
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9 January 2025 | 18 replies
., to the best of my knowledge a Wyoming LLC can own property in any state, however the LLC must register as a foreign entity in that state.
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3 January 2025 | 10 replies
Are there other, more cost-effective alternatives to gain similar support and knowledge?
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9 January 2025 | 10 replies
Definitely connect with an investor-friendly agent, they should have all the knowledge, resources, and connections you will need.
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10 January 2025 | 8 replies
This helps protect against roommates being swapped out, etc without our knowledge.
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10 February 2025 | 29 replies
In approximately September 2023, he placed an employee as our property liaison who had knowledge of our account and property.
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14 January 2025 | 8 replies
Buildim has a general ledger so you can record credit card transactions the same as in any other bookkeeping software 1- add to chart of accounts a current liability called for example capital one credit card2- when you want to record a credit card transaction go to general ledger create a journal entry, for example if you swiped your card for a maintenance expense in the amount of 1,000 youshould debit maintenance 1,000 and credit your liability account called capital one credit card for 1,000so your liability account balnce is always the same amount as your credit card balance 3- if you pay intrest on your credit card add to charts of accounts an expense account called capital one intrest fees and when you got charged intrest create a journal entry debiting capital one intrest expense account and crediting your liability account 4- to record a payment to your credit card you can record a check from your bank account payable to capital one you should add them as a vendor or you can do a journal entry It simple for anyone with a little bookeeping knowledge and btw thats how its also done in quickbooks or anywhere else And thats the correct way doing it although there are a few other workaround ways for exemple creating a contra asset or as paying a vendor So i dont know why you blame buildium it would be the same with any other software
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6 January 2025 | 3 replies
Are there any knowledgeable mortgage or finance brokers in the Houston area who have expertise in similar transactions?