It’s only through investment of capital for marketing, software systems, lead generation, call centers, attorney drawn contracts, title searches, etc. can someone establish a VIABLE business.  

Adjust for any old/new contracts you're removing or addingG&A (Advertising, Office, Software, Etc: T12 adjusted for any old/new contracts you're removing or addingReserves: $250-$350/unit multifamily; $0.15/sqft commercial; $1.00/sqft commerical TI'sTotal Expenses: Sum of all above expensesNET OPERATING INCOME = Project EGI - Total ExpensesProceed to look at multifamily / mixed use sale comps and make judgement call based on (i) going in / exit cap rate assumptions, (ii) $/unit, (iii) $/sqft, (iv) etc.

The reason those locks charge monthly is because there's an ongoing upkeep cost to maintain the software and communications network that are essential to being able to program the lock remotely.  

Most professional tax software programs have an option to specify that rental income is non-passive, and that will cause the Schedule E tax loss for that activity to bypass form 8582. 

I moved from abroad to USA 2 months ago (from Poland, originally I'm from Belarus) and now living in Miami, FL, having my greed card.I have no real estate background, my carrer abroad was focused on IT sales, such as software and hardware products & services.

When part of your training cost is software that you will be using for your deals - is it education or an asset that will be placed in service once you start using it?

If I knew how to design a software, I would be all over this!

I have used Transunion smart move before we switched to professional software a few years ago.

Hi- I’m looking to get an app or software to management multiple midterm rental properties.

And then again, use a free skiptracing softwares to get their number.