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3 August 2024 | 28 replies
I agree with @Michael Plaks that the pricing should be discussed prior to the start of the engagement.My firm does not like the hourly invoice method because I find it can potentially cause anxiety to clients who may not know the final price.if you were a nice client and paid an hourly fee, maybe there was a lot of time towards 'setting' you up as a client(inputting your properties, prior year carryforwards, depreciation schedule, etc) which won't be a cost for you going forward.Best of luck.
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2 August 2024 | 1 reply
I have a management firm that has filed the necessary paperwork and received a judgment, but it is apparently a time consuming process to then get a writ of restitution and then to schedule the sheriff to evict.
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6 August 2024 | 29 replies
I mean just look at those that get all nervous with EM deposits even though they are not going to lose the money ..
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2 August 2024 | 7 replies
I use QBO for my portfolios as well (been investing since early 2019).As long as QBO is set up correctly by someone or a firm that understands what's needed for an REI business it works great (better than the REI-specific software in my opinion).I'm happy to discuss in more detail if you'd like.Here to help!
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31 July 2024 | 11 replies
One of my latest GCs is a firm that talks on a BRRRR panel at conventions.
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5 August 2024 | 16 replies
Tips on assembling a dream team of like-minded professionalsStrategies for creating a sustainable portfolio that provides affordable housingI'm a firm believer in the power of community, and I'm excited to connect with fellow investors, learn from your experiences, and (hopefully) share some insights of my own along the way.Let's build something great together!
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29 July 2024 | 0 replies
Im planning to know procedures and plannings that are affordable for rookies until grow more and be able to afford a bigger firm who does things the right way.
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31 July 2024 | 27 replies
(full disclosure-I knew the guy, or know him, he's not dead just gone from the auctions and haven't talked to him in a few years, but he was always nice to me and I don't have a clue as to the validity of the federal charges against him, but he always treated me decently and I've got nothing bad to say about him and I know other landlords who've been demonized and slurred as slumlords when I think they simply bit off more than they can chew, while other real slumlords seem to operate for years, as long as they don't get too big) He used to kind of dominate those auctions and maybe that was a good thing, as I'm sure there's a whole cast of characters who've filed that void.Thing is, ANY property under $100k, maybe even under $150k or $200k will certainly have multiple bidders, there are a LOT of people like me when I'm looking, who have the subscription to the sheriff's sales info reports from the Daily Reporter ($600/year and you get the results emailed to you in an Excel spreadsheet on Tues, next weeks auctions emailed on Thurs) and another good indicator is I'm on an email list for one of the firms (actually out of Chicago) which handles a tiny, tiny fraction of the cases and I've looked at the "cc list" or whatever you'd call it if ALL the addresses that email is sent to and there are HUNDREDS of them on there and this is for I think Johnson Blumberg, who many weeks don't even have any cases in MKE or Waukesha Cty.
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2 August 2024 | 11 replies
Without knowing exact numbers it is hard to have a firm opinion so I will present some items for you to think about. - upon sale, the property tax will be increased to be based off current market value (~1.1% of current value).