There was a post also where I believe Carlos made a comment that the LP’s should also take some accountability.

Each multifamily building I have has its own bank account.

It may create a problem for you later if your bank discovers the account is owned by an LLC that no longer exists.

For instance, my PlayStation was stolen, and because my cleaner didn’t catch it in time, we couldn’t identify which guest to hold accountable.

But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.  

This would help everyone feel confident that your reviews come from genuine firsthand experience rather than potentially biased marketing. 

Again, this is a conversation to have with your accountant to ensure the benefits would outweigh the costs.Another misconception is that there is little value in a cost seg study for properties that do not have a lot of personal property in them or very little interior build out, such as industrial warehouses.

We have a partnership entity, so it has to file separately and needs balance sheet accounting.

MLS usually get's you the highest price but you need to account for the higher closing costs.

One of the utilities, South West Gas, based in CA, gave me a hard time putting the account into my own name. after several calls, faxing the court-stamped eviction order, verifying my deed through the County, etc,  the operator finally agreed and started to backdate the account change to the beginning of the process!