Sean McKee
FAILED Direct Mailing Campaign (sort of)
13 September 2024 | 24 replies
Because the contact (a) knows we exist (b) knows the problems we solve, so now we get into some of the "HOW" items to solving, which NO is not about diving into in depth detail, it's general detail, over-view detail and reinforcing how we are GREAT at delivering those solutions.
Gilda Sanne
Rental Property Tax Deductions first year in service.
11 September 2024 | 5 replies
Pre-rental taxes can be an itemized personal deduction (Schedule A) if you don’t exceed the $10,000 state and local tax limit.Expenses incurred to get the property ready for rental, but before it is actually available for rent could be added under startup cost and can deduct up to$5,000 in the first year, if total start-up costs are $50,000 or less.
Colleen Barone
First time purchase- POS question
10 September 2024 | 34 replies
I would think they are either mandated to fix those items or you can back out of the sale and get your EMD back.
Nicholas LaGatta
Non-conforming multi-family in R4, zoning/permitting nightmare!
11 September 2024 | 20 replies
Rick, I think online permits are limited to the items below that I pulled off the website: Request Electrical & Plumbing permit for new or replacement electrical & plumbing for single family/duplex homes
William Harvey
Accounting for house flippers
10 September 2024 | 29 replies
So for the first item on the balance sheet you put the purchase price and then for the WIP item you add all purchase closing costs, reno/holding expenses, sale closing costs and then finally put the sale price as revenue?
Andrew C.
what do you use to track FixedAssets for depreciation/amortization?
9 September 2024 | 12 replies
So I have a FixedAssets account in the chart of accounts, but that's not really usable for tracking the per-item depreciation...there's no entry for when it was placed in use, no way to state depreciation lifetime, nothing that ties loan points to the loan so you notice when you refinance that you should take all the rest of that line item as depreciation immediately, etc.
Varun G.
Buying turnkey with repaired foundation in Texas
9 September 2024 | 2 replies
Hi Varun,I've been investing and owning in the DFW markets since 2012, and foundation work is a common maintenance item.
Billy Knox
Why use a Real Estate Agent?
20 September 2024 | 73 replies
What would you think to a listing agreement that stated a flat rate, say $1,750, which covers all items associated with building that listing.
Adria T.
OWNERS Feedback On Property Management? ( MINI- FOCUS GROUP)
10 September 2024 | 4 replies
@Adria T. the PM company has to communicate, get a tenant in quickly and be able to handle items that are unforeseen..
Anita Z.
How often Should I increase Rents for existing good renters?
11 September 2024 | 13 replies
Also, you'll eventually have cap ex (big items) to pay for and those costs are only going in one direction, up.