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15 August 2018 | 0 replies
Do I put the total repair costs financed + ltv as my purchase price and deduct the repair amount from repairs section (I will still have a figure in the repair box as I went over budget and used some of my own funds).
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17 December 2019 | 16 replies
Usually only one will complete everything to a good standard.
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17 August 2018 | 12 replies
., you want to include specific provisions not covered by the standard form), you'd be best off with an attorney.
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10 September 2018 | 4 replies
Will they be able to screen the difference between an emergency and a standard request?
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20 August 2018 | 18 replies
This is a standard business practice used to train tenants to understand that late payment is not tolerated.
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20 August 2018 | 12 replies
When I add all of those costs and divide this number by the total rental income I get the following:Non-Mortgage Costs (with property management): $2370/monthRental Income (all 3 units rented): $3600/month[Non-mortgage Cost]/[Rental Income] = 66%If I do my own property management, then I can deduct $430/month so the modified calculations would look like this:Non-Mortgage Costs (with property management): $1940/monthRental Income (all 3 units rented): $3600/month[Non-mortgage Cost]/[Rental Income] = 54%This is closer to the 50% closer but still higher.
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14 January 2019 | 15 replies
. :-( The bonus that doesn't get a lot of talk time, however, is the really good reporting that can be generated when you leverage the classes along with standard bookkeeping practices.
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18 August 2018 | 3 replies
If you use it to buy a car or things like that interest is no longer deductible.
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16 August 2018 | 8 replies
The only security deposit deductions should come from move out damage.By this method your property is always in tip top condition and turn over costs are reduced to your normal wear and tear items.
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23 August 2018 | 6 replies
Only way to find out if something is "standard" is to call a few and get a bid on managing your property.