Deja Fouts
Hello biggerpockets community
12 October 2024 | 2 replies
Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).
Peyton Culberson
Managing Your First Rental
11 October 2024 | 13 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Craig Jones
State Farm for STR insurance
13 October 2024 | 24 replies
Just not sure which one is the best option from a STR standpoint.Ours is a State Farm business owners policy (BOP) which has the features you mentioned -- building replacement cost, $1M/$2M commercial liability and loss of income coverage.Â
AJ Wong
đź“ťZillow Survey: 80% of buyers & investors to consider climate risks with new tool
12 October 2024 | 2 replies
Similar to Realtor.com the leading real estate company Zillow announced it will disclose climate risk features such as: flood, fire, wind, heat and air quality risks.
Ibrahim Mawri
Seeking Feedback: Would a Tool to Streamline Due Diligence in CRE Be Useful?
11 October 2024 | 3 replies
Would you find value in a dedicated software tool that centralizes and automates due diligence tasks, track task progress with due dates, and add team collaboration features so you can see who’s doing what at a glance—all your projects, due dates, and task statuses in one place. Â
Patrick Goswitz
Purchasing Material For Contractors
24 October 2024 | 139 replies
@Patrick GoswitzThere is a crucial aspect known as specifications.
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
Account Closed
15 Undeniable Reasons It's Time to Sell Your Investment Property
10 October 2024 | 0 replies
Here are a few common mistakes startups make when purchasing an investment property:They calculate expected annual gross income based on 100% occupancy rates.Poor property management results in tenant turnover.High vacancy rates cause lost rent.The local rental sector is experiencing a downturn.High maintenance or repair costs eat into profits.Getting rental rate wrong—either not charging enough or charging too much.Before selling your rental property, it’s crucial to determine the reasons for lost rental income.
Devin James
PUD Approval - 153 Single Family Homes
11 October 2024 | 7 replies
This project spans over 49+/- acres and features 50ft, 60ft, & 70ft lots, adjacent to a large lake that will serve as a stunning community amenity.
Michael Koski
Long-Term Tenant Investment Opportunity– Brick Bungalow at 20490 Hanna St, Detroit
10 October 2024 | 0 replies
This home features a full basement, providing ample storage, and a detached garage for additional parking.