I usually do a test run of my taxes in November so that I have time before 12/31 if I need to make any moves, so at least I know what I can count on at the bottom level, since I already know my bracket will end up being at or above 24% this year.

@Ben Lukes   Understand this simply keeps a debt from being double counted in most cases because the LLC/business that owns the debt will file a business return that will flow over to your personal returns.

Bonus depreciation doesn’t count against your income calculation.

A Quick Look around about five minutes of seeing vacancies what’s available,what neighborhoods, bed and bath count, if it’s remodeled how long it’s been available and what’s being charged goes a long way, also I ask the guys at work what they pay.

G'Day everyone,The team (@Dominique Osborn, @Sean Mahoney) and myself have an opportunity to on-board 189 units.This would be a very nice "chunk" of new business but to be honest, I'm inclined to pass.I have always believed in doing business on your terms and for terms not to be dictated by someone else.Especially when you are looking to hire us/me to do the work for you.Also, business done right needs to be a win/win for all involved and this doesn't seem like a win for us.I do however understand the caution and reluctancy to "let go of the reigns" per se as many landlords get screwed by property managers.But at the end of the day, you have to "let go" and let someone else do it or just do it all yourself.I'd love your advice on the suggested terms given to us below:1) In AppFolio they want admin level access to their account.2) They want a standardized list for maintenance items so they know in advance what repairs would cost.3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $3006) They want tiered PM Fees based on occupancy.... for example (their example): at 90% they would pay 8% PM fees, at 70% occupancy they would pay 2% PM Fees, and at 50% occupancy we would part ways.The deal breaker in my opinion is points 4, 5 and 6.With the lack of oversight/control on maintenance we have little control over the occupancy and it kills our process and efficiency.So in a way, we are destined to fail from day 1.Also, if someone does want so much control why not just self manage.The unit count justifies hiring 1-2 full time people to run it.Otherwise, let us do our job.

So you don't respond to the phone at all.Best practice: Send over the application and lease, the 3 day notice, bullet points on how it was served, the other unpaid rent for the second count, a check for the fee and ask when to be in court.

Hi all, trying to get a HELOC on my primary residence and having a hard time finding a bank that counts depreciation towards income

@Steve Cho the offering documents are what counts.

In my experience, and the experience of hundreds of professional property managers I network with, counting the late fee as "extra income" will come back to bite you.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.