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20 February 2025 | 8 replies
The question is will you benefit.If you already paid for the study, you might as well apply it to to the return.The next question is whether your accountant is properly applying it.You may want to consider working with a CPA who specializes in real estate taxation.
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20 February 2025 | 27 replies
I did an expensive $40,000 education program.
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10 February 2025 | 7 replies
If so, shifting that to the tenants at the time of lease renewal is another great way to decrease her overall debt service.Other good ways to increase revenue in the mean time:- Raising washer/dryer prices. this may only equate to $4-$5 per unit per week, but its better than nothing- If there are any unassigned parking spaces, meaning not attached to any lease, make them paid only any offer them to tenants at a new fee.
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15 February 2025 | 2 replies
It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.
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5 February 2025 | 4 replies
And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.
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20 February 2025 | 11 replies
Once I acquire them, I feel confident that I can generate $11K per month cashflow provided they are paid off in full.
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17 February 2025 | 10 replies
A property manager should always account for both income and expenses—you’re the owner, and you have a right to see exactly where your money is going.It almost sounds like he thinks he’s doing you a favor instead of working on your behalf.
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7 February 2025 | 12 replies
My vision is to keep it a while (it’s paid off) and use the cashflow to help with my kids college.
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11 February 2025 | 11 replies
The only ones that will pay are the same ones that would have paid when you filed for the eviction.
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12 February 2025 | 7 replies
Then track the date a maintenance issue was reported, description of the problem, who it was assigned to, when it's estimated to be completed, when it was completed, date/amount paid, etc.It doesn't have to be fancy.