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16 March 2019 | 53 replies
Unfortunately, there are too many medical professionals that are broke because they haven't properly managed their money and assets over time.
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11 July 2019 | 18 replies
I have systems for cleaning, staging, quarterly/annual maintenance, inventory checks through Properly.
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23 August 2021 | 23 replies
They might not code the expenses properly or do not know how to maximize profit and have to constantly rely on a CPA.
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8 March 2019 | 14 replies
No one that has given you proper advice is "thick".
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7 March 2019 | 2 replies
Thrya,Congrats, let me know if you need any assistance for the accounting aspect.First, put each property in its own LLC and open a bank account for each LLC.You do not need to create an LLC for Property Management, you can, but it's not necessary.You need to make sure you have the proper Chart of Accounts such as Assets, Liability, CapEx, OpEx, G&A Exp, and Equity.Chances are you will be putting the majority of the expenses under CapEx since you're renovating, once it becomes rental, the expenses will be OpEx.
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7 March 2019 | 4 replies
Get a copy of The One Thing and The E-Myth Revisited.
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7 March 2019 | 1 reply
The entire drainage system isn't functioning properly and it causes some staggering in the bathtub.
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7 March 2019 | 4 replies
These are the house stats: ¼ Acre LotCity Water and SewerFull Basement1500 Square FeetOpen concept living roomFinished will have 2 full baths, 3 bedroomsFinished bonus room in basement Was used as a bedroom but doesn’t have the proper egressFenced in backyardCan lighting in all bedrooms, living room, and kitchenNo garage, paved driveway fits 4 medium sized carsSquare Footage:Basement: 938 sfIst Floor: 844 sf2nd Floor: 533 sfFinalizing the Flip would require: Mounting and finishing drywall on first and second floorFinishing the partially roughed in bathroom on first floor Water supplies are ready just under the floorboardsSewer outlet is just under bathroom, PVC drains need to be roughed inElectrical wire is run from the panel to bathroom fan, lighting, and outletBathroom fan/light is installed, needs duct added to vent outsideNeeds greenboard drywall, flooring, toilet, vanity, shower/tub surround4 doors for first floor bathrooms and three bedrooms4 closet doors, 1 for first floor coat closet, and 3 for bedroom closetsFirst floor bedroom Subfloor replacement in first floor bedroom (some original floor boards are weak)Connection of electrical outlets - conduit roughed in but needs to be connected to panelDrywall mounted, finished, and painted throughoutFlooring throughout except for kitchen, I suggest tile in front entryway into first floor bathroom, laminate in open concept living room up to the kitchen, carpet the rest.Minor drywall patching and painting in Kitchen and basement bathroomTrim/baseboards installed and painted around all doors, bottom of drywall, and windowsProper railing for both stairwaysPower wash sidingMinor landscaping, just needs some mulch in beds and some minor weeding in flower beds.Two fence panels replaced in back yardBasement bathroom needs minor touch-ups on grout and caulking Other issues that may need addressing or could just be disclosed upon sale: Two minor basement leaks only when there is a TON of rain, otherwise basement is dryWarped siding in backyard where grill used to be, could be replacedSmall area of cracked siding on front of house at end of drivewayDriveway isn’t in the best condition, some patching may make it look betterAll work done on house has not been permitted except for siding and roofPlumbing Ventilation isn’t 100% to code and may come up in an inspection Side notes: When I lived there, people didn’t believe my address was real when getting deliveries because of the marijuana culture around the number 420 and the street name of Highmoor, maybe there is play here selling to someone that is into that stuff?
7 March 2019 | 7 replies
If this animal were a legit ESA, they would have had no reason not to disclose it properly and in advance.
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8 March 2019 | 4 replies
Your software of choice, if properly utilized, will facilitate the flow of communication between all of your stakeholders, and provide the opportunity to build streamlined services.