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Results (10,000+)
Justin Goodin Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance. 
Ayomikun Oyeleye Investing in Real Estate as an Employee vs. Self-employed in Louisville, KY
2 March 2024 | 2 replies
I main question is about scaling in real estate as a business owner vs employee.
Michael Ablan Short Term Rentals to Traveling Nurses
4 March 2024 | 30 replies
My renters tell me that the main selling points are the full kitchen and the washer/dryer. 
Mandeep S. Lack of clarity with regards to house hacking taxes/depreciation
3 March 2024 | 1 reply
Under IRS Publication 527, you can depreciate this 10% portion of your home over 27.5 years using the straight-line method.I am a Certified Public Accountant and I offer bookkeeping and tax services related to real estate.
Rafael Barahona New RE investor -need that BRRRR !
2 March 2024 | 9 replies
I've done some fixing and flipping and have a decently strong background in renovation so if any of my past mishaps can help you avoid future ones I am happy to connect to point you in the right direction.I see your tag was from Naperville, but the title says Elgin...where are you mainly looking to invest? 
Kay Li Real Estate Friendly Accountant in Boston, MA
3 March 2024 | 7 replies
Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
Armando Lopez Lehigh and Northampton County Contractors
2 March 2024 | 7 replies
I have been working on some projects with them but would like more qualified clients on my list.What I am looking forI am looking for long term relationship with clients who want a reliable service working on their existing portfolio but also do bigger rehab projects for small properties.
Erick Ayapana Background Checks for MTR - yay or nay?
3 March 2024 | 12 replies
They offer a background check / tenant screening service, which is paid by tenant.  
Joe R. Seller Financing for Land Deals
2 March 2024 | 9 replies
@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process? 
Sebastian Bennett LP Equity Investment
3 March 2024 | 8 replies
I still own residential and commercial (mainly retail) real estate in my personal portfolio.The bottom line - there is ZERO need to get engaged with a guru.