Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3. 

Managing your property manager effectively is all about communication and setting clear expectations.

Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

The free marketing is not effective in a competitive market neither is the marketing strategy.

I have a calculator (semi-ugly but effective excel sheet) I use to look at the numbers on all 1031 exchanges I’m considering.Let me know if you want help with the calculations

Does anyone know of any other ways to gauge the effectiveness of this plan? 

When it comes to analyzing properties, I’ve developed a specific checklist to make sure the home fits both resident needs and operational goals:Square Footage: Ideally, at least 2,000 sq. ft. to ensure enough living space for residents and staff.No Stairs or Pools: It reduces liability and keeps the home accessible for everyone (this is just my preference).Corner Lots: I love corner lots because they often provide extra parking and outdoor space—both of which are critical for families and visitors.

While technically negotiable, the Sitzer/Burnett case revealed that the industry practice effectively standardized these rates.

(No, I didn't develop this one, either).Guess what?

With an LLC, you may be able to deduct business expenses more effectively and avoid double taxation.