
28 September 2019 | 20 replies
I was given a check at closing, but when the property manager had the tenants sign a tenant argued that his security deposit amount was wrong and therefore wouldn't sign the lease.

27 September 2019 | 22 replies
My CPA is also wanting to depreciate the entire renovation expense over 27.5 even though there's personal property components with a 5 yr depreciable life where we could take advantage of 100% bonus depreciation.I argue that improvements shouldn't go into the cost basis and instead as operating expenses since the renovations were done under the normal course of business especially since a nice chunk is for labor/contracted services as well as actual improvements, material/supply purchases and personal property components (i.e. carpet, appliances, kitchen countertops etc).

25 September 2019 | 6 replies
They argued it's landlord's responsibility to keep them safe, although it's their fault to lose the keys in the first place.

30 September 2019 | 31 replies
Yes, the space industry will likely involve the most transient, however I would argue this is a place where people stay for good.

28 January 2022 | 4 replies
I'm sure many people are aware of how horrible ABC Capital and Maverick Invest are, but now I am getting caught up it as well.

1 October 2019 | 10 replies
@Brandon Markham many years ago I read a book from Ken McElroy called ABC of Property Management and I took his advice to heart: start by managing yourself so you learn the trade and will later know what to look for.

6 October 2019 | 24 replies
Say market is $850 you should submit housing paper requesting $950 and they take into account market rate, what utilities tenant pays, etc. and gives you a rent number and what % they will cover on behalf of the tenant.Having a tenant argue about sewer before this process (and I assume it was in the listing too) sounds like a headache and a tenant that will be difficult to manage down the road.

26 September 2019 | 4 replies
Even if, at some point in the future, rates start increasing again, they would not do so rapidly, giving you enough time to react then but take advantage of the flexibility now.Some people even argue that you should take advantage of the way interest and cost calculation is done for HELOC versus a regular mortgage.

28 September 2019 | 20 replies
Back when I was a direct lender, I was held captive to one pool of underwriters, and didn't really realize how much variance there was here.Now that I do have that ability, and the ability to go "hey ABC Home Loans underwriter, I can send this loan to XYZ Home Loans with 100% guarantee that they will not ask for this BS condition.