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29 June 2024 | 26 replies
Justin Banks was previously working for Evernest Property Management, a company known for its unprofessionalism and lack of integrity.
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27 June 2024 | 1 reply
However, there are pros and cons to this approach:Pros:Streamlined Operations: Property managers can integrate their systems more efficiently, leading to potentially better management and guest experiences.Experience and Optimization: They might have established profiles with good ratings and reviews, which can help attract more bookings.Cons:Loss of Control: If you stop working with the property manager, you could lose access to the listing and the reviews associated with it.Dependency: Your business becomes more reliant on the property manager, which could be problematic if the relationship sours or if their service quality declines.As an experienced STR manager, you're already familiar with many aspects of managing rentals.
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27 June 2024 | 10 replies
Deegan and @Arda Bircan There are technically 7 Tests for Material Participation (but 3 that are most common) -> the individual 500 hour mark, that the activity of the individual is substantially all, and that the individual participates more than 100 hours + no-one else spends more time than them.Litmus Test: Are your hours integral to the operationsThe hours that qualify must be substantially all hours and have a legitimate impact on the rental activities.Activities that generally count: showing the property for rent, taking tenant applications & screening tenants, preparing & negotiating leases, cleaning & preparing the units for rent, repairs, and improvements, managing the construction, purchasing supplies & materials, inspecting the property, responding to tenant complaints & inquiries, collecting & depositing rents, evicting tenants, writing & placing advertisements, and working on your websiteActivities that don't count: education & research, investor-type activities, and travel time..
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26 June 2024 | 22 replies
Above mentioned integration can potentially be the solution I am and this thread is looking for, ie, avoiding the duplication between Buildium and QB.
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25 June 2024 | 10 replies
Wagner is a sleazy salesman with no integrity.
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25 June 2024 | 3 replies
These platforms can integrate with your bank accounts, track income and expenses, and generate reports, simplifying your record-keeping.Regular Financial Reviews: Schedule monthly or quarterly reviews of your finances to ensure everything is in order.
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25 June 2024 | 37 replies
It's really important to maintain the integrity of BP and the forums and we'll certainly keep this in mind for the future.
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24 June 2024 | 10 replies
I’m hoping there’s something more efficient than me emailing applicants pdf application and then they Venmo me or something, I’d prefer better automation.We have integration through our property management software, RentManager, on our website.
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26 June 2024 | 65 replies
The solar installs themselves can compromise the integrity of the roof, and home insurance is already expensive.
24 June 2024 | 4 replies
We take pride in our commitment to transparency and integrity in all our transactions.If you have any further questions or would like to discuss your experience in more detail, please feel free to reach out to us directly.