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7 January 2025 | 3 replies
If you only have one LLC and don’t need entity tracking, you could get a lower subscription and categorize your properties as ‘customers’, then units and tenants would be sub-customers.Simple Start would allow you to invoice your tenants (if desired through QBO) and produce basic reports.
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10 February 2025 | 71 replies
But there are certain skills you need.. to be successful and not everyone has the intangibles.LIke all sales there are top producers there are middle of the road and there are some that just are never going to do it for various reasons.
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22 January 2025 | 22 replies
Sometimes it just takes tweaking them over time to see results.
9 January 2025 | 0 replies
Such deductions could result in substantial refunds, providing critical financial support during a challenging time.Residents may also explore disaster loans or grants offered by the Small Business Administration (SBA) to cover damages or losses.
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13 January 2025 | 30 replies
Just 1-2 years without a rent increase will result in 15% behind market.
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30 January 2025 | 19 replies
We earn it with our results.
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9 January 2025 | 20 replies
So far, the results have been disappointing.
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8 January 2025 | 9 replies
Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.
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4 January 2025 | 28 replies
Thus the more plants producing the more value.
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9 January 2025 | 18 replies
If you register but do not have a registered agent they can often serve you by publication, or perhaps by serving the Secretary of state or any of several ways that might result in you not knowing that you have been sued.