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18 November 2024 | 1 reply
I am planning to include the estimated property value and the funds that will be transferred into the business bank accounts.
14 November 2024 | 20 replies
We don’t have any explicit wording in our PM contract regarding coordination surcharges, but would a 25% surcharge be reasonable?
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19 November 2024 | 23 replies
Time Savings: Managing properties can be time-consuming, involving tasks like tenant screening, maintenance coordination, and rent collection.
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18 November 2024 | 8 replies
From your advice I want to delay going into a REIT.1031 --> DST --> REIT Once I'm in a REIT I can no longer transfer w/o paying taxes.1031 --> DST --> DST2 --> DST3......
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15 November 2024 | 4 replies
Sometimes we help coordinate, just depends on the issue and the property.
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21 November 2024 | 14 replies
Also, your enviro. company will delineate wetlands for you and transfer the info to your civil eng.
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19 November 2024 | 11 replies
Additionally, you could not move your Roth IRA funds into a Solo(k) because for some reason unknown to even the Department of Treasury (I asked them) Roth IRAs cannot transfer into the Roth bucket of a Solo 401(k).
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20 November 2024 | 18 replies
I can have separate bank accounts, debit cards, security deposit accounts etc. and now with new features like automatic recurring transfers things are even easier and time efficient
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15 November 2024 | 17 replies
Mostly messaging with guests regarding issues, questions, concerns, as well as coordinating repairs and restocking supplies.
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15 November 2024 | 7 replies
Changes some of my answer below, but here would be most of the types of transactions you would have in these accounts and between them.Property transactions would be: all property specific rents and expenses, allocated expense transfer to the master LLC and transfers to master LLC bank account for profit AND/OR property management fee.Master LLC transactions would be: Shared expenses going out, reimbursements/transfers from properties for their allocated share of those expenses coming in, the transfers from your properties deemed as profit AND/OR property management fee and then transfers to your personal accounts deemed as owner distributions.Other transfers that could occur is if the master LLC needs to transfer to the properties for capital expenditures above and beyond the reserves you might leave in their accounts.