Kameren Powell
Searching For Mentorship
27 September 2024 | 10 replies
If you want to start big, you can reach out to local real estate groups or firms.
Donny Hodgkinson
First Rental Property
27 September 2024 | 1 reply
Moving forward, setting firm boundaries in negotiations is essential.
Michael Davis
Need someone to stamp plans ASAP
26 September 2024 | 10 replies
The stamping architect is taking legal responsibility for the work (just like a local partner for an "out-of-state" design firm), and most architects charge handsomely to review and stamp plans.
NaTarrio Jones
Rent Payment Reversed NSF but tenant says funds were available
1 October 2024 | 26 replies
So we had to be firm.
Duane A. Snow
Personal loan for deposit for DSCR
26 September 2024 | 7 replies
My firm can do it, but the funds need to season in your account for a month.
Tejas Paruthooli
Ideal Number of Properties Per LLC
26 September 2024 | 5 replies
@Tejas ParuthooliI can answer your question by telling you a story at what points in my life I was developing the software and I asked my attorney if he could write terms of use his response was brilliant he said the best terms of use policy is that microsoft.com they have the largest law firm in the world at that point it was simply copy and paste.I can understand paying an attorney to drop your first LLC but after your first one it's copy and paste.With single family properties you could probably just have one LLC with your umbrella insurance.
Shyam Subramanyan
Cost Segregation for STR properties acquired in 2018, 2021, and 2022?
25 September 2024 | 18 replies
I am a CPA operating a firm myself.
Matthew Samson
Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
It wouldn't hurt if you wanted to do that now as they could provide good information as you move forward and make decisions.Benefits: building a relationship, shopping firms to get the best fit, knowledge regarding big financial decision before they occur, knowing if you're making any major mistakes, determining if your plans will actually help you tax wise SummaryIt might be too early but only something good can come out of a meeting with a knowledgable tax professional earlier rather than later.
Jamie Petraglia
SF Landlords: How Are You Handling the 5.2% Security Deposit Interest Rate?
25 September 2024 | 6 replies
I would think most landlords, who choose to be landlords in very Tenant friendly San Francisco, would pony up the 5.2% knowing that the rate has gone up and down throughout time, unless they want to run the risk of their tenant's finding out and called out as being a bad landlord, being taken on by the very helpful San Francisco Tenants Union or taken to Small Claims Court.Maybe there is a silver lining in California's recent change in security deposits that limit it to one months rent when it used to be up to 2 month's rent for unfurnished units and up to 3x for furnished units.By the way, I took a look at your Company, https://www.getwhale.co/ Since your firm is only offering 4.2%, were you trying to market in San Fran before discovering the Rent Board rate?
Eric Burger
Are BP Leases Currrent
23 September 2024 | 2 replies
Since then there have been many changes to Colorado landlord/tenant laws and as a result, I bought a local attorney's lease (actually a fairly large law firm).