Sarah Albert
Tenant wants to break year lease after 2 months
22 November 2024 | 12 replies
Leaving you to move and store their items if required by law, clean and repair, etc etc.
Sarah Moore
Crazy Idea to get started. What do you think?
24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.
Nishan Akwalia
1031 followed by quit claim deed
29 November 2024 | 5 replies
She’s busy as is and I perform all the real estate related items.
Galant Ant
Manage Permit Delay Risk
29 November 2024 | 2 replies
Once closed, get the grant deed and submit to the city with all items day one of ownership 3.
Account Closed
Should PM provide itemized receipts
14 November 2024 | 20 replies
The short answer is yes, they should provide you with an itemized reciept and if they are markign up, that should be a clear line item.
Livia Adams
Issues with Neighbors Upstairs - Management refuses to do ANYTHING. What can we do?
29 November 2024 | 7 replies
We have lived in our apartment for nearly three years without any issues, but since April, new neighbors moved in upstairs, and the noise has become unbearable.At all hours of the day and night, it sounds like constant walking, furniture screeching, and items being dropped—even until 4 a.m.
Justin Woods
Cost Segregation - Bonus Depreciation on House Hack
26 November 2024 | 13 replies
Also the majority of those costs to covnert to a 2nd unit will need to be capitalized and depreciated, but some things (new appliances, flooring, paint, kitchen cabinets) can be shorter year assets vs. across the full 27.5 and IF it turns out that unit is > 50% you can use bonus as well on those items.
Robert Quiroz
Buying with cash vs financing
2 December 2024 | 33 replies
When you talk about replacing income, the safety of that cash flow is much more imperative, since presumably you are living on it, too.And then you combine both thoughts: safety in income stream to live off of, and cap rates/yields from assets.
Ariel Rivas
Black friday shopping and deals
26 November 2024 | 2 replies
Quote from @Ariel Rivas: I don't know your market specifically, but it's typically cheaper to purchase those items at Home Depot or Lowe's.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
I have been poor very poor living off food banks and pawning items just to eat for a day and do it again.