Account Closed
Onsite management
I've been looking for a larger multifamily building in my area lately. I've decided I will use a property manager, but at what point do you need an onsite manager and/or handyman? I have a 90 unit under contract rig...
Matt Davis
CPA Question: Separate Management and Real Estate LLCs
I am a partner in a three-member LLC that holds a multifamily in Lowell Massachusetts.
Currently, I am providing property management services for the building. The other members are not involved in property manageme...
Josh Wallin
Dedicated REI bank account
Can anyone offer advice on how/where to set up a dedicated REI bank account(s)? Should I ask about high yield savings accounts or just keep all REI cash flow in a separate checking account? Does each property need its...
Jessica Martin
Please help me understand Cap rates
Im taking my real estate classes now and going over Cap rate right now and I really want to make sure I have a good grasp on how to figure Cap rates. I'm still a little confused about it. Do you use gross or net amoun...
David Kirkpatrick
Self Managing Multiple Portfolio's
Hello Friends! As a brand new investor I own two portfolio's totaling 11 properties consisting of 19 & 16 Units. Both portfolios are owner financed and in two different LLC's. I am self managing for now as I want ...
Cirilo Villar
Is it possible to househack in LA?
I am planning on saving enough money to put 20% on a down payment on a four Plex in LA I’m starting to wonder if it’s doable. I want to live for free and try house hacking but I wonder if LA is a market where that is ...
Jason Behrens
Switching from owner paid heating to tenet paid
A property I am interested in buying currently has the landlord pay for water, gas, and sewage, while the tenets pay for electricity. The property uses an oil furnace for heating. How expensive would it be to discon...
Santiago Nicolas Borje
Who pays utilities on a SFH?
Hello to all, I’m closing this week on my first SFH in Hollywood FL. And my question is who pays water, trash and landscaping, tenants or owner?I do own a couple of condos and HOA covers all, but new to SFH, I was tal...
Jey Berke
1031 exchange - need feedback quickly
My 72 y.o. mother just sold her only property to simplify her life. She has $1.1M in a 1031 exchange and is planning on purchasing three to four Deleware Statutory Trusts (DSTs) that contain Class A, mostly large scal...
Alan Feldman
Commercial Operating Expenses
I understand best practice for residential is to plan for 50% operating expenses, but what about commercial operating expenses?