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7 February 2024 | 9 replies
I have been studying any books i can get my hands on. listening to podcasts for the previous 10 months. attending local meetups, meat some very knowledgeable individuals. i have been bit by the real estate bug i cant stop talking, asking, listening, all things real estate. have a family member who asked me if i wanted to manage a rental property for them to help me and them. they have been using a property management company, but they want to help me get my feet wet.
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7 February 2024 | 5 replies
So far so good.I am eager to get my rental company going and acquiring more properties.
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6 February 2024 | 8 replies
The going rate here is more or less 18% management fee but they keep your reviews meaning if you change management companies, sell the property and the new owners are not willing to use the same management company etc. you lose the reviews so when it is marketed you are starting from scratch.
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7 February 2024 | 9 replies
Also, an insurance company will help defend any suits brought against you where you need to foot the bill for an attorney if using an LLC.There are other reasons to go one way or the other depending on what you are trying to achieve.
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7 February 2024 | 20 replies
All of these things are great for you as a customer, you are protected against all kinds of bad things happening on the jobsite.Plus your finished project will now be legal in the eyes of the City and your Insurance Company.
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7 February 2024 | 1 reply
I bought a Victorian mansion from a friend who hired the local professional flooring/bathroom company to install the bathroom tile and she had 3/6 bathrooms with large tile crack and have other issues that she had to have them come replace the tile twice in one bathroom.
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7 February 2024 | 34 replies
If you get audited good luckNot a cpa or tax professional just telling you what has been relayed to me by several CPA’s Maybe i will lease it under my company name.
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7 February 2024 | 1 reply
If you’re not interested in managing it interview a few property management companies and pick the best to manage it for you so you don’t have to deal with maintenance and tenant issues.
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6 February 2024 | 7 replies
It sounds like you're working with corporate housing placements so are you signing the lease with individuals or with the company itself?
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7 February 2024 | 14 replies
Many successful investors began with little to no experience so you're in good company.