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26 January 2025 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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6 January 2025 | 3 replies
Asking in the correct forum will get a better response.Read the RULES!
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19 January 2025 | 51 replies
I was using Cozy and it was super simple and easy to navigate.
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20 January 2025 | 8 replies
I would not categorically rule out a triplex and/or quad plex though...
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17 January 2025 | 6 replies
The 1031 exchange rule to defer your tax is two part 1) reinvest all your proceeds and 2) purchase a property (or properties / DSTs/TICs) with an equal or greater market value.
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12 January 2025 | 13 replies
The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.
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30 January 2025 | 56 replies
Yes, the 1% rule is getting harder, but hopefully rent prices will continue to increase as they have been trending.
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21 January 2025 | 13 replies
Congrats on investing in Ohio, it's a great market to be in, you can still find the 1% rule and tons of amazing appreciation here!
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18 January 2025 | 19 replies
Know the rules, know the tenants, know how to get paid and know the repercussions.
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24 January 2025 | 10 replies
There are several different kinds of exchanges with different rules and timelines, not just one type.