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6 July 2024 | 25 replies
I have only charged for the locks being changed on the property when the previous tenant moved out because she said it took too long to get the repairs done even though I told her what your plumber said about the floor being warped and I believe he was correct because it just seemed to me like foundation issues in certain spots that couldn't be helped and I did also charge for the steps being replaced with 2 boards which probably measured about 6 ft in.lenghth $450.00 to be replaced and painted because that was another tenant complaint and you told me to go ahead and fix it....I told you said that when we looked at the house when the tenants moved out he also didn't see any work that needed to be done to it...the only thing i saw was the rat droppings and the garage door issue that didn't work and the limbs down in the front and back yard which i requested to be removed.
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1 July 2024 | 6 replies
I know this has been asked in other forums, but I'm looking for the most up-to-date / best option to get good room measurements and create a layout of the property.
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5 July 2024 | 5 replies
The landlord also said they would need to have a vendor come out for measurements and estimate.
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4 July 2024 | 2 replies
It’s also prudent to review and update your properties' safety measures, such as installing fire alarms and security systems, as these can sometimes help reduce insurance costs.
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8 July 2024 | 21 replies
How in Hades are you “helping” anyone with numbers when you have no criteria for what you want when you don’t give them any criteria or measures or expectations?
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3 July 2024 | 0 replies
This new regulation aims to increase transparency in the real estate market and protect buyers from potential issues with recently renovated properties.As a fix and flip investor in California, I'm curious to know how this new legislation is affecting your strategies and operations.
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3 July 2024 | 2 replies
“Activities may be grouped if they constitute an appropriate economic unit for measuring gain or loss.”
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2 July 2024 | 3 replies
I thought perhaps a consulting service would introduce some measure of impartiality since its ostensibly an open architecture/'free to choose' environment.
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3 July 2024 | 54 replies
Quote from @Simon Ashbaugh: Hey Nahon, it really comes down to what you're aiming for.
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3 July 2024 | 6 replies
Consider whether you aim to build a substantial real estate portfolio for ongoing income or diversify investments over time.Risk Management: Assess risks associated with property ownership, including vacancies, maintenance costs, and market fluctuations.Risk Management: Assess risks such as vacancies, maintenance costs, and market fluctuations associated with owning multiple properties.Tax Planning: Work closely with a tax professional to develop a balanced strategy that maximizes current income offset with depreciation, while planning for depreciation recapture and optimizing use of 1031 exchanges.