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1 February 2024 | 1 reply
The AppFolio app that is used to manage the rental property has overcharged beyond the legal 12%many times and the bookkeeping for historical payments from tenants has been doctored to correct these mistakes by the on...
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3 February 2024 | 7 replies
I have never heard that you cannot do both so I am curious what the reasoning is.
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3 February 2024 | 0 replies
I am fortunate enough to have a fantastic crew who does great work at reasonable cost.
2 February 2024 | 11 replies
I recently created a Single Member LLC, mainly because I don't have trusted partner(s), so I didn't have a choice.Is it true that SM LLCs do not have to report federal taxes and all profit/loss activities should be reflected on my personal federal tax return?
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3 February 2024 | 7 replies
need separate bank account and probably credit card; need to keep all the funds separate; need to get commercial financing so generally worse terms/rates (granted, right now rates are dislocated, but an 1% here or so over years adds up) and prepayment penalties; commercial financing I think generally comes with points where conforming loans don't have to have points; personally i find it a "drag" on funds since you need to leave money in the LLC(s) bank accounts for variety of reasons to operate and protect the corporate veil;
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4 February 2024 | 3 replies
Hi Frederico and welcome to BP.The first question is whether there are multifamily dwellings that are rentals as they could in theory be all condos.In any case, there is a simple reason for why and it’s because Italy doesn’t have the real estate investing culture we have in North America so there’s no sufficient interest in that to have a portal.Also, one of the main things that makes multifamily lucrative in the US is the loan products that are available and they’re not available in Italy.
3 February 2024 | 3 replies
I suggest you search the BP forums for values that appraisers are providing ADUs I further suggest you understand the value that will be added by the ADU addition prior to proceeding Here are reasons hands off ADU additions are poor RE investments in So Cal: 1) The value added by the ADU addition is often significantly less than the cost of adding the ADU.
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3 February 2024 | 24 replies
Not every property lends itself to each strategy, but you'd be amazed at all the various reasons people are looking for midterm stays!
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2 February 2024 | 22 replies
Most of the reasons people are giving for hiring a property manager are the same for when you are local or not.
2 February 2024 | 5 replies
Would I put "Professional Services" as the reason for the transaction when submitting it from Plastiq to that account?