John K Smith
Property Management Fees in Rochester, NY
19 January 2025 | 2 replies
Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
If the IRS gets busy auditing them, maybe they will leave you alone.
Shelly Moses
Happy Tuesday, Bigger Pockets Community!!
17 January 2025 | 3 replies
Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.
Dave Cali
Looking to form a syndication.
16 January 2025 | 3 replies
Yes, operations is a big part of that, especially for anyone that wants to be a business for the long-term.If I were you, I would be talking to office brokers about partnering more than an online forum.
Gabriel Williams
Hello from Racine
23 January 2025 | 9 replies
I love learning ideas to make my business better from other local investors.
Laurieann Frazier-Duarte
Commercial real estate
19 January 2025 | 0 replies
My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).
Lina Truong
Please help me get started for mid-term rental investments
9 February 2025 | 33 replies
I have 7 MTR and my income is 1.7x my long-term rates ($1200 vs $2000), but that is very specific to my properties, my location, my business model, etc.
Mike Levene
Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
FYI I do have plenty of reserves for my other units already, but would like to keep each property separate.My question is, where should I draw funds from to pay the least amount in penalties, taxes, loan interest, etc. from the following sources I have available:- 20 year 401k loan for a property- Sell a piece of my stock portfolio at 15% capital gains tax- Take a HELOC against an existing property- Private money loan from a trusted partner I have worked with beforeAlternatively, I could pool the reserves for all my properties to ensure I can cover anything immediate and know that I could always sell off a piece of my stock portfolio if needed and have the funds within 3 business days or set up a HELOC and only draw from it if needed.Appreciate any thoughts or what you have done in the past.
Lincoln Waite
Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
8 February 2025 | 22 replies
Because I'm busy doing it, lol.
Basit Siddiqi
Investing in Spain: Good idea for non-residents(Americans)?
23 January 2025 | 31 replies
The returns would then be distributed to investors, who would declare them as income in the U.S. under their country’s tax laws.I run a flipping business in Europe, working with foreign investors, including Americans.