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7 January 2025 | 20 replies
Not exactly sure about the legal details, but initial overview of the system seems to suggest this kills quite a few birds with one stone.
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23 December 2024 | 2 replies
Have some real estate under my belt but looking into Short term rentals opposed to long term rentals.Wondering if there is a stand out book to read to gain understanding for Australian Short Term rental market/AIRBNB.Also if there is a specific group for Australians and short term rentals for Australian market/Australian tax system etc, do point me to that.Rod
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29 December 2024 | 5 replies
It will be a contractor role, so a bit of bird doggin, but from what Ive gathered they have a pretty decent leads system and expanding on lead funnels in the new year.
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22 December 2024 | 2 replies
Insurance is suddenly dropping me due to the buildings not having a sprinkler system.
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28 December 2024 | 8 replies
I do believe we have the greatest, fairest, and most equitable system when everyone is being honest and playing by the rules, and acting in an ethical manner.
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21 January 2025 | 59 replies
The main use of the extra revenue is capital improvements; new roof, furnace, monitored fire alarm system, etc.
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23 December 2024 | 9 replies
Use a tiered approval process to give them control over larger expenditures while enabling quick resolution of smaller issues.2.Proactive Maintenance: Implement preventative maintenance programs to reduce costly emergency repairs and extend the lifespan of property systems.3.Monthly Reporting: Deliver detailed monthly financial statements that outline expenses, rental income, and ROI performance.By handling their funds with care and providing transparency, trust is built with owners, ensuring they feel confident in the relationship.Making Tenants Feel HeardHappy tenants are the foundation of long-term occupancy and reduced turnover.
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23 December 2024 | 13 replies
My property manager I don't think has a chance to relax, but she does have systems built around her to free up the time when it comes to regular maintenance and rent collection.
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11 December 2024 | 2 replies
The typical clients that seek out cost segregation studies include:Real estate companies that buy and sell multiple properties each year.Individuals with a portfolio containing investment properties including apartment buildings, multi-family homes and even single residences.Franchise owners with properties that are similar to one another such as assisted living facilities, storage facilities and golf courses.Business owners of hotels, food facilities, shopping centers, restaurants or manufacturing plants.It depends on the type of property, but generally 15-45% of the building’s costs can be classified into assets with a shorter life.
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26 December 2024 | 6 replies
They have a system, team, and their own contracts, and also provide proof funds, even the EMD.