Bill Robinson
Rental house in disrepair with tenants
9 September 2021 | 11 replies
Simple solution is to go to the city building department and tattle on yourself.
Kim Leduff
Depreciation - Which software to use
4 September 2021 | 6 replies
@Kim LeduffIf you work with your CPA, they will normally calculate the depreciation for you.There are tax software's out there where you can do your own return, however, calculating depreciation is not as simple as plugging in a number.1) Step one - calculating the total basis for building/land.
Owen Schwaegerle
Small self storage facility software
17 September 2021 | 6 replies
I use EasyStorage, works great very easy UI if a bit simple and boxy.Text support which is very popular for tenants.
Renee Yarbrough
Flipping a Manufactured Home
16 September 2021 | 9 replies
Stick to where the manufactured home is on fee simple land and not on leased land
Alejandro Petrov
Can I hire an advisor?
14 September 2021 | 18 replies
There are many brokers who are geniuses and blow me away.The problem you have is; you have to read to re-read all the above to cover what I need to say.Your biggest hurdle is whether or not you can do some simple math, but the math is not simple in the sense that it takes a few minutes.
Bruce Woodruff
Accounting /Tax Question?
7 November 2021 | 14 replies
It makes it extra simple because your accountant can access it any time if you allow that access, and it's already organized for tax time.
Mark Rairdon
DMV Titles for Park-Owned Units
21 September 2021 | 5 replies
A simple way to accomplish this is to add a Schedule A as the Bill of Sale to your PSA that addresses everything that comes with the park and assigns a value to it.
Candice De
Short Term Rentals... Are they the root of our housing issues?
2 October 2021 | 26 replies
But how, they provide business and feed a lot of the local families who contribute even further to the local economy.Not many folks run their rentals from out of state, majority leave near by and they rent out their secondary homes, manage them selves.Certain percentage even moves in campers on the property or out to campgrounds for the simple reasons to make it trough and get more income.Just laying points of view.Living in a seasonal tourist town near national park is a challenge on its own...To begin with house prices have never been cheap...Curently your "starter homes" are in the 300k range and in my eyes a lot of them are full gut remodels....I can't say when was the last time numbers for LTR made sence around here...
Jody Ho
Property management agreement
11 September 2021 | 4 replies
Management fees should depend on the property type.Class A is easier to manage, so gets the best rateClass B is a bit harder to mange, so gets slightly higher rateClass C can be a pain to mange, so gets higher rateClass D usually requires the attention of a DIY landlord to succeed.
LaMiracle Schaefer
Can I use my LLC as the Landlord for a property personally held?
10 September 2021 | 6 replies
I'm a fan of keeping things simple.