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22 March 2024 | 81 replies
Of course it's about making money (it is a business afterall!)
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22 March 2024 | 2 replies
You will need to qualify as "real estate professional to do so" Which simply put is spending 750 hours in a real property trade or business, and more time in that line of work then anything else.
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22 March 2024 | 21 replies
Having a professional on your side that knows the marker street by street will be very important as you get started.
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23 March 2024 | 12 replies
Hi everyone,So here is the deal.Started a PM company 10+ years ago as a subsidiary of our turnkey company (IMO it's a tough gig selling turnkey if you don't also manage in-house)Hated the PM business for a good 5 years or so.Then one day I woke up and smelt the roses and realized that PM is not so bad after all.That of-course came at a time when things actually started to work and we actually started to "work" the systems just as they should be worked lolWe have reached a point now where it's a pretty well oiled machine other than the minor $#@% that we fix on a daily basis.The business motto is systemize, optimize and monetize which is a work in progress but chugging along.I'm confident that with the operation as it is today we are at a point where we can start to significantly scale.Organic leads are flowing in nicely and we grow at between 10-15 units per month or so.My questions are:1) How do we potentially find other "mom and pop" shops what want out of the business and we purchase to take over?
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23 March 2024 | 20 replies
(Which means of course we could live off it but we’d watch our spending more.)
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22 March 2024 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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22 March 2024 | 4 replies
Of course as a landlord I would never cap expenses otherwise it takes away the value of a NNN lease.
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22 March 2024 | 15 replies
I'm not a tax professional.
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22 March 2024 | 0 replies
I work for a company that owns around 100 parks and of course every state is different with regulations, but overall just looking for the pros and cons of registering
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22 March 2024 | 19 replies
It cannot be successfully read by non-professionals.