
27 June 2024 | 10 replies
Here are some additional activities that count, toward real estate professional and material participation hours.Research market for real estate transaction opportunities; current office market rates; terms of financingMaking offer contracts for properties that you end up buyingNegotiation for acquisition of rental properties that you end up purchasing; including directing due diligence and managing financial projections/business plansObtaining financing for properties that you purchaseProperty inspectionsAdvertisingMeeting with Prospective Tenants/showing properties to prospective tenantsNegotiate, obtain, & review proposals and contracts with vendors (insurance, utilities, etc) for property servicesReview and Negotiate The Terms of Sale AgreementsStaging and Decorating3rd party contractor, vendor, or service provider supervision

27 June 2024 | 14 replies
I've also tried to work with some local retail vendors, coffee shops, golf cart and bike rental companies.

26 June 2024 | 10 replies
@Jesse Dickens This sounds like one of those “programs” where they just apply to different vendors (Home Depot, staples, etc), not actual cash lines of credit….and they charge you a fee for it (maybe 10%) for these trade accounts that obviously you could have gotten yourself.

25 June 2024 | 3 replies
Property taxes, Insurance, Utilities, Mortgage payments, sometimes you may also pay a vendor directly, etcYou should be giving to your CPA the form 1099, Year to date PM Statement, form 1098 along with expenses that you paid for directly outside of the PM Company.Best of luck

25 June 2024 | 7 replies
You should not have to do anythingThe onsite manager shows and rents apartments, oversees third party vendors like, maintenance, landscaper, pest control, pool.

22 June 2024 | 7 replies
It literally takes 5-10 minutes to find a replacement, or you could call a local vendor, ask them to find the device for you, and pay what they charge, which is marked up to cover their research time.Keep in mind you can only charge depreciated value.

23 June 2024 | 13 replies
With smaller contractors that do multiple trades, I've learned over my career there's a golden question and it has changed how I screen subs, vendors, and workers.

21 June 2024 | 3 replies
While it's always best to have a plan for how you are going to execute your exit strategy BEFORE you get started, if you're like me and just jump in you could easily find yourself wondering how to execute this plan if your initial plan runs into problems.BP is full of great advice on refinancing and if you just post that is what you're looking for, the vendors will come out of the woodwork.