Kevin Luttrell
Forced to take $25k passive activity loss deduction?
6 March 2024 | 20 replies
So right now my return shows me taking this full $25k passive loss deduction and only a portion of the standard deduction (keeping taxable income at $0).
Nate Pucel
Buy, rehab, rent accounting questions
4 March 2024 | 4 replies
I bought the house in my name, in full (it was super cheap) and rehabbed it with my own money.
Antonio Signorelli
Are mortgage delinquency rates going to increase in 2024?
6 March 2024 | 5 replies
However there will always be props that go through the full process that will never change.Very much agree on the FLA condo situation very scary for owners and debt holders I have to think.
Harinoor Mann
Transfer Deed from Single person owned property to LLC
5 March 2024 | 3 replies
You can find services that charge $50 per year for this.
Alba Cheung
looking for an eviction service in Fulton County GA.
3 March 2024 | 1 reply
Hi, I am looking for an eviction service in Fulton County GA.
Dave Hart
Guidance on rent increases
5 March 2024 | 10 replies
Two things keep tenants long term - (1) great customer service, and (2) competitive rents.It sounds like you do a great job of taking care of your properties and the needs of your tenants, so as long as you’re not noticeably higher in rent to your competition you should always be pursuing rent increases.
Tom Sehon
Looking for a few local CPA's
5 March 2024 | 2 replies
Hey @Tom Sehon, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
Justin Goodin
Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
William Ryans
Any suggestions for a Real Estate Investor Friendly CPA in Southern California
5 March 2024 | 5 replies
The best accountants and CPAs will be able to offer you a secure document transfer system in order to keep your sensitive information safe, and also be able to conduct their bookkeeping and tax return services electronically as well, saving both time and money.In my personal ventures into real estate, I have started several LLCs and would be happy to share my real estate experiences with you.
Chris Seveney
Daily Dose of Ponzi Schemes
5 March 2024 | 6 replies
I was shocked to learn in many cases the students are taught to associate with other GP's and provide services such as capital raising, dilligence etc.