
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.

2 March 2024 | 2 replies
I main question is about scaling in real estate as a business owner vs employee.

4 March 2024 | 30 replies
My renters tell me that the main selling points are the full kitchen and the washer/dryer.

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.

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?

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.

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.

3 March 2024 | 12 replies
They offer a background check / tenant screening service, which is paid by tenant.

2 March 2024 | 9 replies
@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process?

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.