![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3134913/small_1729021641-avatar-shayans18.jpg?twic=v1/output=image&v=2)
7 February 2025 | 31 replies
@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/427011/small_1694725954-avatar-glennn1.jpg?twic=v1/output=image&v=2)
5 January 2025 | 6 replies
We use a third party servicer to do all of this - much easier and when starting just tracked payments in wuickbooks as servicer tracked everything else
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/967259/small_1713304512-avatar-gamalh2.jpg?twic=v1/output=image&v=2)
6 January 2025 | 4 replies
We can only do the best we can trying to beat the fraudsters by leveraging tools.Regarding fake SSN the screening services picks up on mismatches.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3152499/small_1736117458-avatar-karminec.jpg?twic=v1/output=image&v=2)
7 January 2025 | 4 replies
Servicing: Milwaukee County, Racine County, and Kenosha County.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/323/small_1641306776-avatar-beekrock.jpg?twic=v1/output=image&v=2)
9 January 2025 | 15 replies
Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3131638/small_1728399051-avatar-amys384.jpg?twic=v1/output=image&v=2)
5 January 2025 | 5 replies
Prepare for the inevitable, because bad things will happen.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1112721/small_1718569519-avatar-kristik15.jpg?twic=v1/output=image&v=2)
13 January 2025 | 4 replies
Ideally LADWP will prioritize the infrastructure repairs and new service requests to these properties as getting power service in LA can be 6-24 months without project prioritization.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3119902/small_1726512403-avatar-recostseg.jpg?twic=v1/output=image&v=2)
10 January 2025 | 0 replies
When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2833754/small_1694385659-avatar-ryanm1776.jpg?twic=v1/output=image&v=2)
16 January 2025 | 23 replies
I use a loan servicer who processes the borrowers payment and then sends to me.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2793325/small_1737937553-avatar-briarb2.jpg?twic=v1/output=image&v=2)
25 January 2025 | 13 replies
@Briar Blake @Sean GallagherAfter hurricane Ian we didn't have electricity or phone service.