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4 July 2024 | 7 replies
This general log gives an overview of your activities, but it might not be detailed enough for IRS purposes.Example 2: Detailed LogMonday, 7/1/247 AM - 7:30 AM: Monitored security cameras1:30 PM - 2:15 PM: Responded to tenant question regarding parking3:00 PM - 3:30 PM: Monitored security cameras4 PM - 4:15 PM: Checked mail and delivered to tenants, as necessary7 PM - 7:30 PM: Monitored security cameras10:30 PM - 11 PM: Monitored security cameras7 AM - 11 PM: Remained on standby all day for tenant needs/emergenciesThis detailed log breaks down your activities into specific time slots, which can provide a more precise account of how your time was spent.Best Practices for Record-KeepingBe Specific: Break down your activities into smaller time intervals, as shown in the detailed log example.Use a Logbook or App: Consider using a time-tracking app or a dedicated logbook to keep daily records.Document Standby Time: Clearly note the hours you are on standby for emergencies, but also separate it from active tasks.Include All Activities: Document everything from advertising to maintenance and tenant interactions.Consulting with a Tax ProfessionalGiven the complexity of qualifying for REPS, it's always a good idea to consult with a tax professional.
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4 July 2024 | 11 replies
Most people are happiest with a daily routine surrounded by intelligent peers doing something both gratifying and remunerative.
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2 July 2024 | 8 replies
We refresh our data daily so we are always up to date.
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30 June 2024 | 5 replies
As not all your lists registered and accepted advertorial messages on your site...3) A colleague told me that auto blast sms campaign is illegal, you need to send manually to each one of them... how we do it when we talk about thousands daily ?
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30 June 2024 | 5 replies
Sub 2 was not in my vocabulary 3 years ago when I started in Real Estate, now Sub 2 or buying subject to its existing financing is a common term I use daily!
3 July 2024 | 20 replies
I ALWAYS just set a daily budget and let the ad run continuously.
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7 July 2024 | 89 replies
Mindset matters and not everyone is super analytical to calculate and use other metrics on a daily basis. 3.
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1 July 2024 | 10 replies
Try to save the houses that are most similar to yours and watch them daily to see if they lower the rent, offer incentives, or get rented. 1.
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1 July 2024 | 12 replies
I think people think of daily and even weekly rentals as truly transient renters, whereas monthly and annual rentals as being more resident based.That said I have seen 14 day minimums and 3 month minimums as well so while by and large monthly and annual terms are common they are not all inclusive.
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1 July 2024 | 8 replies
We list dozens of amenities today that are built into the daily rate but don't know if they are used.