Blake Dials
Multiple Bank Accounts
27 September 2024 | 13 replies
When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.
Lotus Eli
Innovative Strategies for Maximizing ROI in Short-Term Rentals
30 September 2024 | 46 replies
Family groups were the main segment of demand in the area so we added a PS5, next level colorful beach chairs, Nintendo switch, hammocks on the deck, re-staged, retook the photos and increased revenue to $67k in a year that RevPars had decreased for the market Woah Zach !
Adam Hoeker
Managing the Finances
27 September 2024 | 15 replies
You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.
David V.
IRS Form 8824 Review
25 September 2024 | 4 replies
I reviewed Form 8824 and after much research I generally feel comfortable completing the form as well as how to depreciate the carryover basis and additional (or excess) basis using either of the two allowable methods (general and simplified methods).
Tiffany Dixon
Should I wait the 90 days?
25 September 2024 | 12 replies
I am personally staging the home tomorrow and will have pictures taken on Thursday.
Rheis Cloutier
Financing through HELOC
26 September 2024 | 2 replies
I have seen a Heloc lower an investors scores due to excessive tradelines and due to the balance to credit limit percentage.
Michael Quarles
What to ask when a seller calls.
24 September 2024 | 6 replies
And frankly I don’t care why they want to sell in the early stages of communication.
Aaron Sweat
ADA Units and Their Market Value
26 September 2024 | 17 replies
Currently, the CBC mandates a percentage of new dwelling units to be ADA compliant, but I wonder if these units are quickly filled or if there is excess in certain regions.
Sidney Johnson
New to investing, living in New Jersey
26 September 2024 | 10 replies
I'm in the beginning stages of my RE investing journey and I'm here to begin networking.
Matthew Samson
Should I engage a CPA now or wait until we've built up a basic portfolio?
25 September 2024 | 17 replies
At this stage, your focus should be putting as much money as possible into your first deal, rather than on accountants, lawyers, or consultants.Hiring a CPA can wait until you’re further along—either when you’ve got something under contract or need help with entity setup or tax planning.