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6 October 2021 | 5 replies
Don campbell real estate investing in Canada 2.0ThenDon Campbell 97 tips for Canadian real estate investorsThen81 financial tax tips for Canadian real estate investors by Campbell and DubeThenReal estate joint ventures - Russell westcottThen Legal tax accounting strategies - Cohen Dube Then Real estate retirement plan - Callum Ross I would recommend don’t buy anything until you’ve read the first 3 at least and don’t pay for any training until you’ve read them all (you’ll be able to spot the grifters better).
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30 September 2021 | 3 replies
The costs in TurboTenant are the background checks a new tenant would have during the screening process, which the prospective tenant pays for as well as a small charge to have Digital signatures on documents that I store online (it's $9 and also charged to the tenant).Beyond that, I use google docs (mostly sheets) for my underwriting/review process.The only item I pay for is Quicken, which has a yearly fee now.
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18 October 2021 | 48 replies
Our people are trained on our standard lease clauses, more error potential and potential for contradictory clauses.
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30 November 2021 | 4 replies
And with a good chance that I could be in a higher tax bracket in the year that I sell, it seems like I could actually lose money by taking the accelerated depreciation.Alternatively, could I write it off as sold for $0 (or essentially given away), since it wasn't listed in the contract, and the buyer will not likely be categorizing it as a separate item on their end?
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30 October 2021 | 1 reply
If you're hiring a cold caller directly then you can get them for cheaper, but you have to deal with training them, managing them, and troubleshooting issues with your dialer when those issues come up.
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1 October 2021 | 3 replies
And that means NOT a real estate agent unless they have specific training in how to market a business, because the vast majority don't.
1 October 2021 | 2 replies
I asked when she wanted to coordinate time to have tenants items removed from the condo.
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1 October 2021 | 2 replies
I hadn't thought about giving out promo items......A calendar is a good one since they may keep it all year long.
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7 October 2021 | 13 replies
Rest due at closing) You can look at it anyway you want, but while you're looking, don't miss these financial facts:1- Cost to you = $63,6802 - Profit = $20,0003 - Remaining Cost not recovered = $43,680 (you don't make a profit until you recover all your costs, so the $20k "profit" in Item #1 isn't a profit...unless you think going to Vegas with $10k in cash, increasing your cash to $15k, then losing $30k is somehow winning $5k)4 - If, as mentioned above, you can get $350/month ($4200/yr) in rent...which if you were breaking even before, you would now be cash flowing $4300/year.5 - Unfortunately, that means it will still take you 10+ years (all being perfect) to recover the rest of your cost.6 - Still not a good deal...at all.
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1 October 2021 | 2 replies
If there are damages, you itemize those and provide to the tenant.