
30 August 2024 | 15 replies
They may assign the activity 'dealer' status and tax it at a higher rate.

30 August 2024 | 22 replies
The bookkeepers then assign the cleaning cost to the correct owner's statement to be reimbursed at the end of each month.I pay them through Venmo in a bulk payment every couple weeks, which is linked directly to my Operating Expense account to pull the funds from the OTA payouts we receive.

29 August 2024 | 7 replies
I dont intend to deny. however, I have not had any inspection done/put in the paper work to be assigned as section 8 housing designation.
28 August 2024 | 2 replies
When I mentioned you "Sell" the land they need to own it to use the lands equity.In the LLC or partnership agreement you can assign an ownership percentage based on the value of the land.

28 August 2024 | 9 replies
Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.

29 August 2024 | 6 replies
If that property is till under the LLC you will need to purchase under the LLC.If you have taken ownership of the sale proceeds your next homework assignment is to look into Qualified Opportunity Zones and Qualified Opportunity Funds (QOZ, QOF), note the same accredited investor status still applies.

28 August 2024 | 3 replies
Your contract rights have to be assigned to the QI.

27 August 2024 | 2 replies
Although I haven't yet used my website to market listings, my consultant has mentioned ways to generate traffic to your site using specific keywords and running ads to listings on your site.If I get any feedback, I will share it here or PM you!

29 August 2024 | 6 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

26 August 2024 | 10 replies
What should I do The issue with a firm like H&R Block is that there is no guarantee that the person you are assigned will be a specialist in real estate tax laws.Furthermore, these types of firms have a huge amount of turnover.