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23 August 2021 | 23 replies
Hello BiggerPockets Family,Whether you are a smaller (or larger) property management company, a self-managing multifamily developer, or a sponsor/syndicator - Property Accounting can oftentimes become a significant cost and consumer of otherwise revenue-generating time.My question is, how do you feel and what do you think about outsourcing your property accounting?
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12 March 2019 | 9 replies
However, beating the market cap generally means a value add that increases NOI via either an increase in revenues or a decrease in expenses.
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7 March 2019 | 4 replies
You will ask everybody for business and referrals.Definitely interview Brokers and get a feel for the office..
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8 March 2019 | 5 replies
Let your secretary sit in the closing office waiting for that money transfer to get signed over.
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7 March 2019 | 5 replies
. $218,000 in revenue is what they reported, as operating as motel.Any suggestions to make this a better deal?
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7 March 2019 | 2 replies
I’m using the house as my home base and office space while in Memphis.
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7 March 2019 | 1 reply
The surveyor works in conjunction with the engineer, usually in the same office.
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11 March 2019 | 8 replies
The homes will simply be older, the land obviously the same size, however the revenue may have gone down by half if you decide to sell these properties and simply collect lot rent, which may cut your gross income in half.There is definitely a lot more to consider that I am not including in this quick comment, however in my opinion this park may not be the best use of your time, energy, and capital.. at it's current price.
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16 March 2019 | 1 reply
I see many write that you can buy a multi-family, live in it for a year and purchase another multi-family.I can see going from a multi-unit house to single family house but can’t see taking advantage of the second tier entitlement from single to multi family, I know va loan officers and underwriters can be sticklers due to the va loan guidelines, so my question is to any former underwriters/loan officers, what are considered some legit reasons to take advantage of the second tier entitlement and what tangible evidence needs to be provided?
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8 March 2019 | 2 replies
Revenues are significantly higher than when the previous owners owned it due to higher occupancy and the revenue from the third cabin.